10-year yield rises as investors weigh monetary policy outlook
Publishing timestamp: 2024-05-02 11:25:48
Summary
U.S. Treasury yields rose slightly after Federal Reserve decision to leave rates unchanged. Unit labor costs increased more than expected, while Fed Chair Powell indicated that the central bank's next policy move is unlikely to push rates higher. Fed also announced a slower pace of quantitative tightening. Investors are now awaiting the April jobs report.
Sentiment: NEUTRAL
Keywords: treasury bills, bonds, u.s. economy, u.s. 10 year treasury, u.s. treasury bonds, business news, u.s. 2 year treasury, treasury notes, economy, economic outlook,
Source: https://www.cnbc.com/2024/05/02/us-treasurys-investors-weigh-monetary-policy-outlook.html