10-year Treasury yield falls as investors continue to assess path ahead for rate cuts
Publishing timestamp: 2023-12-21 09:51:50
Summary
The yield on the 10-year U.S. Treasury note fell to its lowest level since July 24 as investors assessed future rate cuts from the Federal Reserve. The third estimate of real gross domestic product came in lower than expected, while initial jobless claims were little changed and below expectations. The rally in government debt has driven yields lower, with expectations of rate cuts by the Fed.
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