Treasury yields slip as banking system concerns grow
Publishing timestamp: 2023-03-24 16:28:54
Summary
U.S. Treasury yields fell as investors considered the impact of the Federal Reserve's interest rate policy expectations on the economy. A slide in Deutsche Bank shares also renewed concerns over the state of the global banking system, making Treasuries more appealing. The yield on the 10-year Treasury was down by 3 basis points to 3.374%, while the 2-year Treasury yield was at 3.777% after falling by almost 3 basis points. The move comes after Deutsche Bank's credit default swaps jumped, raising concerns over the health of the European banking industry. Investors also digested a week of central bank interest rate policy decisions, including the Fed's announcement of a 25 basis point increase in interest rates and indications that its rate-hiking campaign could be paused soon.
Sentiment: NEUTRAL
Keywords: breaking news, economic outlook, u.s. economy, bonds, treasury notes, central banking, monetary policy, christine lagarde, business news, united states, u.s. 2 year treasury, u.s. 10 year treasury, interest rates, deutsche bank ag, treasury bills, economic events, u.s. treasury bonds,
Source: https://www.cnbc.com/2023/03/24/us-treasury-yields-investors-assess-economic-outlook-fed-policy.html