10-year Treasury yield recovers after hitting 2-month low
Publishing timestamp: 2023-11-22 12:26:54
Summary
U.S. Treasury yields slightly increased after briefly reaching their lowest levels in two months. The benchmark 10-year Treasury yield rose by 1 basis point to 4.428%, while the 2-year note yields rose by 5 basis points to 4.934%. Bond markets did not strongly react to weekly jobless claims numbers, which were lower than expected. The Federal Reserve's latest meeting minutes did not suggest interest rate cuts will come soon, but data since the meeting has indicated easing inflationary pressures. Investors are questioning when rate cuts could begin, with one more Fed meeting scheduled for December.
Sentiment: NEUTRAL
Keywords: markets, prices, economic outlook, economy, u.s. economy, central banking, united states, treasury notes, business news, medium term notes, u.s. 2 year treasury, treasury bills, interest rates, government debt, economic events, u.s. treasury bonds, u.s. 10 year treasury, breaking news: markets,
Source: https://www.cnbc.com/2023/11/22/us-treasury-yield-investors-weigh-interest-rate-path-ahead.html