Treasury yields nudge higher after Thanksgiving holiday
Publishing timestamp: 2023-11-24 12:47:40
Summary
U.S. Treasury yields have increased after the Thanksgiving break, with the benchmark 10-year Treasury yield rising by more than 6 basis points. The 2-year note yield also rose by nearly 5 basis points. Investors are assessing the outlook for interest rates and the economy following the Federal Reserve's latest meeting minutes, which did not indicate any rate cuts in the near future. The markets are pricing in a 99.5% chance of rates being held at the current range at the final Fed meeting in December. The release of S&P Global flash purchasing managers' index figures on Friday will provide insight into U.S. business activity.
Sentiment: NEUTRAL
Keywords: medium term notes, economy, central banking, u.s. 10 year treasury, prices, business news, u.s. 2 year treasury, breaking news: markets, u.s. treasury bonds, treasury notes, economic events, treasury bills, u.s. economy, markets, interest rates, government debt, economic outlook, united states,
Source: https://www.cnbc.com/2023/11/24/treasury-yields-nudge-higher-after-thanksgiving-holiday-.html