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10-year Treasury yield flat on Wednesday

The ten-year U.S. Treasury yield struggled for route on Wednesday morning, as traders had been torn between a robust earnings season and continued financial considerations.

The yield on the benchmark 10-year Treasury notice stood at 1.6168% at 3:45 a.m. ET. The yield on the 30-year Treasury bond fell 1 foundation level to 2.035%. Yields transfer inversely to costs and 1 foundation level is the same as 0.01%.

Firms continued to report robust earnings within the U.S., which noticed the S&P 500 notch its seventieth intraday excessive of 2021 and 57th report shut of the yr.

Nevertheless, worries round rising inflation, provide chain points and a slowdown within the financial system, proceed to weigh on traders’ minds.

On Wednesday, sturdy items orders knowledge for September is due out at 8:30 a.m. ET.

Auctions are scheduled to be held on Wednesday for $40 billion of 119-day payments and $61 billion of seven-year notes.

CNBC’s Pippa Stevens contributed to this market report.

Written by News Desk

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