10-year Treasury yield drops below 4% after Fed signals rate cuts are ahead
Publishing timestamp: 2023-12-14 12:44:17
Summary
Treasury yields have fallen to their lowest levels in months as investors react to the Federal Reserve's guidance on interest rates. The 10-year Treasury yield broke below the 4% mark for the first time since August. The Federal Reserve indicated that three rate cuts could be implemented next year, with further cuts expected in the following years. The central bank also lowered its inflation forecast for next year. Investors will be watching for the release of retail sales data and other economic indicators. The European Central Bank and Bank of England are also set to announce interest rate decisions.
Sentiment: NEUTRAL
Keywords: u.s. 2 year treasury, monetary policy, economy, business news, interest rates, u.s. 10 year treasury, u.s. economy, federal reserve bank, bonds, markets, central banking, breaking news: markets, inflation,
Source: https://www.cnbc.com/2023/12/14/us-treasury-yields-investors-digest-fed-rate-outlook.html