10-year Treasury yield dips to one-month low as investors digest Fed rate decision, policy guidance
Publishing timestamp: 2024-02-01 12:01:47
Summary
The 10-year U.S. Treasury yield has dropped to a one-month low following the Federal Reserve's decision to keep interest rates unchanged. The yield is now below the key 4% level. The Fed Chairman, Jerome Powell, stated that rate cuts are unlikely in March but could happen later in the year. The Bank of England also left interest rates unchanged. Additionally, the ISM manufacturing index data showed that U.S. manufacturing remained in contraction in January.
Sentiment: NEUTRAL
Keywords: markets, economic events, economy, government debt, jerome powell, u.s. 2 year treasury, economic outlook, breaking news: markets, central banking, federal reserve bank, prices, u.s. economy, bonds, monetary policy, business news, interest rates, u.s. 10 year treasury,
Source: https://www.cnbc.com/2024/02/01/us-treasurys-investors-digest-fed-rate-decision-policy-guidance.html