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
Keywords: interest rates, u.s. economy, business news, u.s. 10 year treasury, treasury bills, u.s. treasury bonds, inflation, monetary policy, bonds, u.s. 2 year treasury, treasury notes, federal reserve bank, central banking,
Source: https://www.cnbc.com/2023/09/06/us-treasury-yields-investors-assess-interest-rate-outlook.html