10-year Treasury yield rises as investors consider economic outlook
Publishing timestamp: 2023-10-16 13:54:24
Summary
Treasury yields were higher as investors assessed the U.S. economic outlook and uncertainties surrounding monetary policy and geopolitical concerns. The 10-year Treasury yield increased by nearly 8 basis points, while the 2-year Treasury yield rose by around 4 basis points. Philadelphia Federal Reserve President Patrick Harker suggested that interest rates could be held at their current level to allow their impact to unfold. Other Fed officials, including Fed Chairman Jerome Powell, are expected to make remarks throughout the week. Fresh insights into the housing sector and retail sales figures are due on Tuesday. Concerns about the Israel-Hamas war and its implications for financial markets and the energy sector continue.
Sentiment: NEUTRAL
Keywords: jerome powell, economic outlook, government debt, markets, federal reserve bank, monetary policy, u.s. 2 year treasury, central banking, prices, economic events, patrick harker, economy, business news, u.s. economy, u.s. 10 year treasury, breaking news: markets, interest rates, bonds,
Source: https://www.cnbc.com/2023/10/16/us-treasury-yields-investors-consider-economic-outlook.html