Treasury yields rise slightly as investors prepare for key economic data, Fed Chair Powell comments
Publishing timestamp: 2023-03-06 16:20:07
Summary
Treasury yields rose slightly on Monday as investors looked ahead to key data releases and comments from Federal Reserve Chairman Jerome Powell this week. Investors weighed the outlook for monetary policy and the state of the US economy, including inflationary developments, ahead of a series of data releases. Fed officials have indicated that further interest rate hikes are likely necessary to cool pressures from rising prices. The central bank's next rate decision is expected at the conclusion of its upcoming meeting on March 21 and 22.
Sentiment: NEUTRAL
Keywords: treasury notes, central banking, u.s. 2 year treasury, united states, treasury bills, jerome powell, business news, breaking news: markets, economic events, u.s. economy, interest rates, u.s. 10 year treasury, federal reserve bank, u.s. treasury bonds, economic outlook, bonds, monetary policy,