Treasury Note: Basis Point and Treasury

treasury note: Treasury yields have been mostly climbing since Trump won the U.S. presidential election on Nov. 8, a victory that has stirred hope that campaign promises touting fiscal stimulus, regulatory rollbacks and tax cuts, could be realized and rev up the domestic economy, according to Market Watch. That hope has pushed inflation expectations higher and ratcheted up forecasts for interest-rate increases by the Federal Reserve. The yield on the 10-year Treasury note TMUBMUSD10Y, -2.71% rose 0.2 basis point to 2.379%, while the yield on the 30-year bond TMUBMUSD30Y, -1.64% finished unchanged at 2.971%. Meanwhile, the two-year Treasury note yield TMUBMUSD02Y, -2.72% rose 0.4 basis point to 1.172%. Bond yields move in the opposite direction of prices. Higher inflation and anticipation of Fed hiking have underpinned selling in bonds, lifting yields from a low in July of 1.36% to a high last month of about 2.6%. A plot of projections for future rate hikes by Fed members released last month, implies three rate increases in 2017. Read Gross says this key bond level is a far bigger deal than Dow 20,000 Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said any focus on fiscal stimulus would spur renewed reflation jitters,'' which would hurt the bond market. Check out Goldman's Hatzius Investors could get blindsided by a cluster of Fed hikes this year But the main spark for Treasurys moves has been the coming presidential administration. (news.financializer.com). As reported in the news.