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2-year Treasury yield rises, tops 5% as traders fret over the potential for more Fed rate hikes - TL;DR CNBC

2-year Treasury yield rises, tops 5% as traders fret over the potential for more Fed rate hikes

Publishing timestamp: 2023-09-06 16:19:13


Summary

Treasury yields rose as investors sold short-duration U.S. debt due to fears of more Federal Reserve rate hikes. Data released raised concerns over potential rate hikes, and the central bank Beige Book suggested modest growth and slowing price growth in the U.S. economy. Rising oil prices are also being watched as a potential sign of continued inflationary pressures. The expectation is that the Fed will keep rates unchanged in its upcoming meeting, but the outlook for the rest of the year is uncertain.


Sentiment: MIXED

Tickers: US10YUS2Y

Keywords: interest ratesu.s. economybusiness newsu.s. 10 year treasurytreasury billsu.s. treasury bondsinflationmonetary policybondsu.s. 2 year treasurytreasury notesfederal reserve bankcentral banking

Source: https://www.cnbc.com/2023/09/06/us-treasury-yields-investors-assess-interest-rate-outlook.html


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