10-year Treasury yield moves lower as investors study Fed remarks and look ahead to Friday jobs report
Publishing timestamp: 2024-04-04 11:53:14
Summary
The 10-year Treasury yield was slightly lower as investors monitored speeches from Federal Reserve officials and awaited the release of March nonfarm payrolls. Data showed an increase in initial jobless claims and trade deficit, while Fed Chair Jerome Powell mentioned uncertainty regarding potential interest rate cuts. Fed held interest rates steady in March and still expects three quarter-percentage point cuts by end of 2024.
Sentiment: NEUTRAL
Keywords: world economy, u.s. economy, prices, central banking, jerome powell, patrick harker, markets, bonds, u.s. 2 year treasury, neel kashkari, business news, u.s. 10 year treasury, breaking news: markets,