10-year Treasury yield breaks above 4.9% for the first time since 2007
Publishing timestamp: 2023-10-18 13:10:24
Summary
U.S. Treasury yields rose, with the 10-year hitting a multiyear high. Investors are considering the outlook for Federal Reserve interest rates as they digest economic data. The data showed mixed results, with housing starts accelerating but at a slower rate than expected, and retail sales figures exceeding expectations. This has raised concerns about the future of interest rates, with some investors believing rates may be hiked further or kept elevated for longer. The probability of a rate increase in December has also risen. Investors are awaiting comments from Fed officials, including Fed Chairman Jerome Powell, and upcoming economic data to gain further insight.
Sentiment: MIXED
Keywords: economic events, bonds, u.s. economy, treasury notes, u.s. 5 year treasury, interest rates, breaking news: markets, u.s. treasury bonds, government debt, medium term notes, central banking, federal reserve bank, u.s. 2 year treasury, markets, jerome powell, business news, economy, treasury bills, u.s. 10 year treasury, prices, economic outlook,
Source: https://www.cnbc.com/2023/10/18/us-treasury-yields-investors-weigh-economic-data.html