10-year Treasury yield hovers near 16-year high as Powell talks inflation, economy
Publishing timestamp: 2023-10-19 13:43:49
Summary
The benchmark 10-year Treasury yield rose to a 16-year high as investors analyzed remarks from Federal Reserve Chairman Jerome Powell. Powell stated that monetary policy was not yet too restrictive and acknowledged signs of cooling inflation. Bond yields have been rising due to concerns about high benchmark rates, strong economic performance, government deficits, and an increase in term premium. Weekly jobless claims also indicated a tight labor market.
Sentiment: NEUTRAL
Keywords: economic outlook, federal reserve bank, u.s. 10 year treasury, central banking, prices, treasury bills, medium term notes, u.s. 2 year treasury, u.s. economy, monetary policy, interest rates, business news, markets, government debt, jerome powell, u.s. treasury bonds, breaking news: markets, bonds, economic events, treasury notes,
Source: https://www.cnbc.com/2023/10/19/us-treasurys-ahead-of-fed-chair-powell-speech.html