10-year Treasury yield hits lowest level since September
Publishing timestamp: 2023-11-17 12:45:49
Summary
The yield on the benchmark U.S. 10-year Treasury hit its lowest level in about two months, indicating that investors believe the U.S. Federal Reserve's rate-hiking campaign may be over. Data released this week, including a decline in the producer price index and lower-than-expected consumer price index, has fueled speculation that the Fed may stop hiking interest rates and potentially even cut rates in the future. However, stronger-than-expected housing starts and building permits data were also released.
Sentiment: MIXED
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