10-year Treasury yield tops 4.80% after hot retail sales data
Publishing timestamp: 2023-10-17 12:57:23
Summary
U.S. Treasury yields rose as investors considered the outlook for interest rates and the economy. Retail sales figures for September exceeded expectations, causing yields to increase. Investors are also weighing the outlook for the economy and the Federal Reserve's rate-hiking campaign. The next interest rate decision is expected on November 1st, with a high chance of rates remaining unchanged. Investors are also monitoring the Israel-Hamas war and corporate earnings reports.
Sentiment: NEUTRAL
Keywords: interest rates, joe biden, central banking, economic outlook, cme group inc, israel, jerome powell, u.s. 10 year treasury, treasury notes, bonds, u.s. economy, economic events, medium term notes, government debt, u.s. 2 year treasury, economy, patrick harker, breaking news: markets, markets, business news, treasury bills, monetary policy, prices, u.s. treasury bonds,
Source: https://www.cnbc.com/2023/10/17/us-treasury-yields-investors-assess-state-of-the-economy-.html