The clear rise in US long-term interest rates seen in recent days continued on Tuesday.
The interest rate on the U.S. ten-year loan was up 2.4 percentage points on Tuesday night at 1.17 percent, from just under 0.91 percent about a week earlier. The current level is the highest since March last year.
At the same time, the interest rate on the 30-year loan rose 1.6 percentage points to 1.899 per cent, from just over a week ago at around 1.64 per cent.
Investors are now waiting for news of the incumbent Democratic president in the United States Joe Biden the resuscitation he promised, the size of which he has said to be “trillions”.
Recovery expectations have been reinforced by the Democratic straight line confirmed last week. Joe Biden will soon take over as President of the United States, and Democrats will have a majority in addition to Congress in the Senate and House of Representatives.
In addition, the market is expected to auction the ten-year loans in the U.S. soon. The loans are due to be auctioned for $ 38 billion. On Wednesday, in turn, $ 24 billion worth of 30-year U.S. government bonds will be auctioned.
The interest rate on a five-year US loan has also risen markedly in recent days. The market is melting the estimate that the US Federal Reserve could start raising interest rates as early as 2023, which would be earlier than the market expected.
The dollar, which strengthened yesterday, weakened slightly during Tuesday. At the time of the review, the euro received $ 1.2160. The dollar against the yen was 104.22 yen at the same time.
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