US Treasury 10-year Yield Rises 10 Basis Points To Start The New Week (10Y-3M Curve Still Inverted At -106 Basis Points As Implied Probability Of June Rate Hike Rises) – Confounded Interest – Anthony B. Sanders

Last week’s strange jobs report (massive discrepancy between the Establishment and Household data) did push expectations of further Fed rate hikes up. In fact, the US Treasury 10-year yield is up 10 basis points this morning.

The US Treasury 10Y-3M yield curve remains inverted at -106 basis points while the implied Fed rate hike for the June 2023 FOMC meeting jumps to over 5%.

Mortgage rates? Likely to rise.