10-year yield reaches 4% for the first time since November
Publishing timestamp: 2023-03-01 16:15:30
Summary
Yields on US Treasury bonds rose on Wednesday as investors weighed economic data and assessed the outlook for Federal Reserve policy. The Institute for Supply Management reported that manufacturing remained in contraction during February. Later in the week, initial jobless claims data and ISM's PMI report for services sector are due and series of Fed speakers will make remarks. Investors are hoping for a pause in rate increases this year as they fear keeping rates too high for too long could lead to recession.
Sentiment: MIXED
Keywords: u.s. 10 year treasury, united states, economic events, business news, interest rates, economic outlook, u.s. 2 year treasury, federal reserve bank, treasury notes, bonds, treasury bills, central banking, u.s. economy, u.s. treasury bonds, breaking news: markets,