Treasury yields fall as traders assess prospects of future Fed rate cuts
Publishing timestamp: 2023-12-19 11:16:23
Summary
The 10-year U.S. Treasury yield has retreated as traders assess the possibility of future rate cuts from the Federal Reserve. The yield on the benchmark 10-year note has fallen below 4% to its lowest point since July. The yield on the 30-year Treasury bond and the 2-year note have also dropped. This decrease in yields is a result of the Fed's unexpectedly dovish pivot, which has led investors to bet on quicker loosening of monetary policy.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2023/12/19/treasury-yields-down-slightly-as-recent-trend-continues.html