Treasury yields rise as investors look to Fed speakers for hints about rate policy plans
Publishing timestamp: 2023-01-10 09:36:03
Summary
Treasury yields rose on Tuesday as investors looked to comments from Federal Reserve officials for hints about the central bank's monetary policy plans. Atlanta Fed president Raphael Bostic said he believed interest rates should go above 5%, and then stay at this level into 2024. Fed chairman Jerome Powell made remarks about the importance of the central bank staying politically independent when working to cool inflation. Investors are uncertain about whether the Fed will increase rates by 25 or 50 basis points at its next meeting later this month.
Sentiment: NEUTRAL
Keywords: central banking, treasury bills, interest rates, u.s. treasury bonds, u.s. 10 year treasury, federal reserve bank, business news, u.s. 2 year treasury, bonds, treasury notes, monetary policy, breaking news: markets,
Source: https://www.cnbc.com/2023/01/10/us-treasury-yields-investors-assess-fed-speaker-remarks.html