2-year Treasury yield rebounds after biggest 3-day slide since 1987
Publishing timestamp: 2023-03-14 16:14:26
Summary
The yield on the 2-year Treasury note rebounded after a three-day slide caused by Silicon Valley Bank's collapse, which led investors to seek safety in government bonds. The rebound came as investors digested the February consumer price index report, which showed a 0.4% rise for the month and an annual rate of 6% over the previous year. The report is one of the last major data points ahead of the Federal Reserve's next policy meeting, and markets are pricing in a 25 basis point increase. Some economists believe that rate hikes could be paused altogether or that the Fed might stick to lower rate increases at its next two meetings.
Sentiment: NEGATIVE
Keywords: treasury bills, u.s. 10 year treasury, business news, monetary policy, economy, economic events, economic outlook, u.s. treasury bonds, interest rates, bonds, u.s. economy, u.s. 2 year treasury, treasury notes, central banking,
Source: https://www.cnbc.com/2023/03/14/us-treasury-yields-investors-await-key-consumer-inflation-data.html