10-year Treasury yield falls back below 4%
Publishing timestamp: 2023-03-03 15:29:38
Summary
Treasury yields fell on Friday as investors weighed the prospect of further interest rate hikes by the Federal Reserve. Yields and prices move in opposite directions, and a breakout in yield could ripple through the economy. Several Fed officials indicated that interest rates could go higher still, and investors are hoping for the central bank to pause rate hikes this year as they fear elevated rates could cause the U.S. economy to contract.
Sentiment: NEUTRAL
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