US 10-year Treasury yield hits fresh 19-year high after stronger data

Yields rise after durable goods data Investors weigh further rate hikes Oil prices ease after recent gains By Caroline Valetkevitch NEW YORK, Sept 25 (Reuters) — US Treasury yields rose on Friday, extending their recent run higher after more upbeat economic data reinforced growing concerns about inflation. The 30-year US bond yield hit a fresh 22-year high, while the benchmark 10-year yield hit a fresh 19-year high. New orders for key US manufactured capital goods increased more than expected in August and the previous month's figures were revised sharply higher, in what has been another quarter of robust growth in business spending on equipment amid an AI buildout.

That report followed an S&P Global survey earlier this week showing a pickup in business activity in September. 196%. 513%. Expectations for another interest-rate increase from the Federal Reserve rose this week following the bullish data.

Traders now see a more-than-66% chance of another hike when the US central bank next meets in October, according to CME Group's FedWatch Tool. The Fed raised rates last week for the first time since 2023 in an effort to control inflation that has steadily risen, in part due to higher fuel prices tied to the US-Israeli war on Iran. Several Fed officials have said this week that additional interest-rate hikes may be needed to curb the growth in prices. "The only thing that they can do is slow demand down," said John Luke Tyner, head of fixed income and portfolio manager at Aptus Capital Advisors.

" Oil prices edged lower on Friday as investors weighed the possibility of a truce between the US and Iran. S. 5 basis points. S.

889%. com)