10-year Treasury yield retreats after rising to 5%
Publishing timestamp: 2023-10-20 08:51:09
Summary
The article discusses how U.S. Treasury yields ticked lower after rising to multiyear highs the day before. This decrease in yields came after Federal Reserve Chairman Jerome Powell warned that lower economic growth may be necessary to bring down inflation. Powell also stated that he did not believe monetary policy was too tight. The article mentions that Fed fund futures pricing reflects a high likelihood that the central bank will keep rates the same at its November meeting.
Sentiment: NEUTRAL
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