
Audio By Carbonatix
The 10-year U.S. Treasury yield edged higher on Wednesday morning, ahead of President-elect Joe Biden’s inauguration.
The yield on the benchmark 10-year Treasury note rose to 1.094% at 3:20 a.m., while the yield on the 30-year Treasury bond slipped to 1.835%. Yields move inversely to prices.
Treasury yield movements were mixed, ahead of Biden being sworn into office shortly after noon ET, which will see him succeed President Donald Trump as the 46th president of the United States.
In his inauguration speech, Biden will speak about the need to bring the country together on the heels of a violent riot on Capitol Hill and amid extreme partisanship in Congress.
January data from the National Association of Home Builders housing index, which gauges the outlook for the U.S. housing sector, is due out at 10 a.m. ET.
Weekly API crude oil stock change data is expected to be released at 4:30 p.m. ET.
Auctions will be held Wednesday for $25 billion of 105-day bills, $30 billion of 154-day bills and $24 billion of 19-year 10-month bonds.
Latest Stories
-
Police arrest convicted fraudster Eric Afoakwa while attempting to leave Ghana
8 minutes -
Only court orders can override constitutional safeguards in arrests – Justice Abdulai
21 minutes -
I never stopped anyone from travelling as AG – Dame condemns arrest of former NAFCO CEO
35 minutes -
I’ll choose a stepfather any day; a stepfather shaped the man I am today – Konnected Minds founder
38 minutes -
Parents should sue WAEC over examination leakages – Prof. Antwi
42 minutes -
School admissions should be based on merit, not protocol – Prof. Opoku Antwi
46 minutes -
When the waters recede, public health must lead
49 minutes -
A friend inspired me to build a Caribbean restaurant in US – Prof. Opoku Antwi
50 minutes -
I used to sell Chinese clothes in London – Konnected Minds Podcast founder
1 hour -
Hanan arrest based on frozen bank account claim is ‘comical’ — Godfred Dame
1 hour -
‘Security agencies are the biggest abusers of constitutional rights of Ghanaians’ – Justice Abdulai
1 hour -
How a stranger ‘miraculously’ gave me his house when I arrived in the US – Prof. Antwi shares
1 hour -
Ghana Battalion 14 completes reconnaissance mission ahead of UN peacekeeping deployment in South Sudan
2 hours -
HAWA Project Manager calls for climate-responsive humanitarian systems as extreme weather intensifies
2 hours -
KMA ‘samansaman’ arrests 13 over poor sanitary practices in their homes
2 hours