{"id":145424,"date":"2021-11-22T17:30:50","date_gmt":"2021-11-22T17:30:50","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145424"},"modified":"2021-11-22T17:30:50","modified_gmt":"2021-11-22T17:30:50","slug":"treasury-yields-rise-after-biden-picks-powell-over-brainard-for-top-fed-post","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/treasury-yields-rise-after-biden-picks-powell-over-brainard-for-top-fed-post\/","title":{"rendered":"Treasury yields rise after Biden picks Powell over Brainard for top Fed post"},"content":{"rendered":"
U.S. Treasury yields rose Monday after President Joe Biden renominated Jerome Powell for a second term as Federal Reserve chair.<\/p>\n
The yield on the benchmark 10-year Treasury note climbed by 5.8 basis points to 1.594% at 9:22 a.m. ET. The yield on the 30-year Treasury bond advanced by 3.4 basis points to 1.941%. Yields move inversely to prices and 1 basis point is equal to 0.01%.<\/p>\n