U.S. Treasury yields are little changed in final day of 2021 - CNBC
U.S. Treasury yields were little changed Friday, the last day of 2021, as the 10-year held above the 1.5% threshold. The yield on the benchmark 10-year Treasury note dipped less than a basis point to 1.51% by 10:20 a.m. ET, while the yield on the 30-year Treasury bond was marginally lower at 1.919%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Treasurys The 10-year yield started the year at 0.91%. The yield hit a high of 1.776% in March. "It's certainly been a roller coaster year," said Kathy Jones, Charles Schwab's chief fixed-income strategist. The Covid-19 pandemic had the greatest influence on the bond market in 2021, according to Jones. "Covid led to the fiscal and monetary policy responses and all of the volatility we saw in the economic data. That was the big story in the market," Jones said. Treasury yields have moved throughout the year amid concerns about inflation and as the Federal Reserve eases off its p...