Bond Yields Hit Multi-Year Highs as Housing and Trade Data Cool

Macro

โดย Zacks Investment Research·

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U.S. bond yields climbed to multi-year highs on Tuesday as new economic reports showed a cooling housing market and declining trade activity. The 30-year yield reached 5.32%, its highest in 19 years, while the 10-year yield hit 4.74%, a 19-month high, and the 2-year hovered around 4.20%. Housing starts for July fell to 1.239 million units, below the 1.35 million expected, with single-family starts down 9.9% month over month, while building permits rose 5% to 1.443 million units. Import prices unexpectedly dropped 0.4% in July, and exports fell 1.3%, the lowest monthly read in over three years. Home Depot beat second-quarter earnings estimates with $4.92 per share versus $4.71 expected, and revenue of $47.86 billion, up 1.88% from estimates.

United States Government Bond 10Y ▲US Government Bond 2Y ▲United States 30 Year Bond Yield ▲

The Home Depot Inc ▲

Impact on stocks 4

Consumer Discretionary▲ · 1 stocks

The Home Depot Inc

▲ PositiveCapitalrelevance

Home Depot beat Q2 earnings estimates with $4.92 EPS vs $4.71 expected and revenue above estimates.

Others▲ · 3 stocks

％United States Government Bond 10Y

▲ PositiveMonetaryrelevance

10-year yield rose to 4.74%, a 19-month high, as bond yields climbed.

％US Government Bond 2Y

▲ PositiveMonetaryrelevance

2-year yield hovered around 4.20%, reflecting higher yields.

％United States 30 Year Bond Yield

▲ PositiveMonetaryrelevance

30-year yield reached 5.32%, its highest in 19 years.