Treasury yields tick higher as investors assess path ahead for rate cuts
Publishing timestamp: 2024-03-21 12:11:44
Summary
U.S. Treasury yields rose as investors analyzed the Federal Reserve's guidance on interest rates. The central bank left rates unchanged but signaled potential rate cuts later in the year. Fed Chairman Powell expects interest rates to ease based on economic data. Traders are currently pricing in a 68% chance of a rate cut in June.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2024/03/21/us-treasury-yields-as-investors-digest-fed-policy-guidance.html