10-year Treasury yield hovers around 4.09% as Fed speakers urge caution before cutting
Publishing timestamp: 2024-02-07 11:20:35
Summary
The article discusses how U.S. Treasury yields remained steady as investors considered new commentary from Federal Reserve officials. The officials signaled that the central bank would proceed with caution before cutting rates. There is uncertainty about the outlook for monetary policy, and comments from Fed Chair Jerome Powell suggested that rate cuts may not happen as soon or as frequently as expected. Traders are currently pricing in a 21.5% chance of a rate cut in March, down from over 80% two weeks ago.
Sentiment: MIXED
Keywords: u.s. treasury bonds, u.s. 2 year treasury, prices, government debt, monetary policy, u.s. economy, economy, business news, bonds, economic events, treasury notes, interest rates, jerome powell, u.s. 10 year treasury, treasury bills,
Source: https://www.cnbc.com/2024/02/07/us-treasurys-investors-fret-over-monetary-policy-outlook.html