10-year Treasury yield falls from 15-year high after Fed's preferred inflation gauge eases
Publishing timestamp: 2023-09-29 12:49:59
Summary
The U.S. 10-year Treasury yield fell after the Federal Reserve's preferred inflation measure showed signs of easing inflation. The yield on the benchmark 10-year Treasury note slipped, as did the yield on the 30-year Treasury bond and the 2-year Treasury yield. This comes after the August personal consumption expenditures price index reading came in lighter than expected. Minneapolis Fed President Neel Kashkari expressed concerns about whether interest rates have been raised enough to tackle inflation. The Federal Reserve expects to hike rates another quarter point this year and warns that borrowing costs will stay higher for longer.
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Keywords: medium term notes, bonds, economic events, neel kashkari, united states, business news, prices, markets, breaking news: markets, u.s. 10 year treasury, u.s. economy, government debt,
Source: https://www.cnbc.com/2023/09/29/10-year-treasury-yield-us-bonds-in-focus-amid-inflation-data.html