Treasury yields dip as investors weigh Fed Chair Powell’s remarks
Publishing timestamp: 2023-03-08 10:39:53
Summary
The yield on 2-year Treasury note eased slightly after Federal Reserve Chairman Jerome Powell suggested higher rates ahead. Investors are assessing the outlook for central bank monetary policy and looking for hints about the state of the US economy and the impact of Fed's rate hikes. ADP private payrolls data showed businesses added more jobs than expected in February, affirming the case that the economy continues to run hot.
Sentiment: NEUTRAL
Keywords: business news, breaking news: markets, treasury bills, economic events, interest rates, u.s. 10 year treasury, monetary policy, treasury notes, economic outlook, central banking, u.s. treasury bonds, jerome powell, federal reserve bank, united states, u.s. 2 year treasury, bonds,
Source: https://www.cnbc.com/2023/03/08/us-treasury-yields-investors-weigh-fed-chair-powells-remarks-.html