10-year Treasury yield jumps above 4% after Fed official indicates rate cuts may take time
Publishing timestamp: 2024-01-16 11:54:45
Summary
Treasury yields rose on Tuesday as investors awaited fresh economic data. The yield on the 10-year Treasury note increased by nearly 10 basis points, while the 2-year Treasury yield rose by 3 basis points. The rise in yields followed comments from Federal Reserve Governor Christopher Waller, who suggested that rate cuts may be implemented slowly and carefully. Investors are also keeping an eye on December retail sales data, which could impact recessionary fears and concerns about economic growth.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2024/01/16/bonds-us-treasury-yields-in-focus.html