2-year Treasury yield sits near 5% after manufacturing data comes in much stronger than expected
Publishing timestamp: 2024-04-18 11:16:05
Summary
The U.S. 2-year Treasury yield rose close to 5% following strong manufacturing data. Yields on 2-year and 10-year Treasuries increased, with the 2-year yield nearing the key 5% level. Investors are uncertain about potential interest rate cuts this year, as comments from Fed Chairman Jerome Powell have added to concerns about inflation.
Sentiment: MIXED
Keywords: u.s. economy, u.s. 2 year treasury, business news, bonds, treasury notes, u.s. treasury bonds, treasury bills, jerome powell, economic events, prices, markets, u.s. 10 year treasury, united states, economy, economic outlook, breaking news: markets, government debt,
Source: https://www.cnbc.com/2024/04/18/us-treasury-yieldsas-investors-weigh-interest-rate-path-ahead.html