10-year Treasury yield eases after touching fresh 15-year high
Publishing timestamp: 2023-09-28 12:51:36
Summary
The U.S. 10-year Treasury yield fell slightly from a 15-year high. Weekly initial jobless claims were lighter than expected, indicating strength in the labor market. Investors are watching for the personal consumption expenditure price index and comments from Fed officials for insight into the state of the economy and future interest rate hikes. There are concerns about potential recession due to inflationary pressures and elevated rates.
Sentiment: NEUTRAL
Keywords: treasury notes, business news, federal reserve bank, economy, treasury bills, monetary policy, central banking, u.s. 2 year treasury, u.s. economy, interest rates, bonds, u.s. treasury bonds, u.s. 10 year treasury, economic outlook,
Source: https://www.cnbc.com/2023/09/28/us-treasurys-investors-await-key-economic-data.html