The 10-year U.S. Treasury yield rose to top 1.55% early on Thursday, ahead of an update on third-quarter gross domestic product.
climbed by 1 basis point to 1.9527%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The 10-year rate fell back below the 1.6% mark in Wednesday's trading session to as low as 1.52%.
Treasury yields have fluctuated as investors remain concerned with the risk of "stagflation," where inflation rises but economic growth slows." on Thursday that the risk of stagflation was increasing but it was not evident yet "because the expectations of growth remain relatively stable for 2022."Stock picks and investing trends from CNBC Pro:
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