10-year Treasury yield wavers after release of fresh inflation data
Publishing timestamp: 2024-05-14 12:49:59
Summary
The 10-year U.S. Treasury yield fluctuated after stronger than expected wholesale inflation data. Federal Reserve Chair Jerome Powell emphasized the need for patience in the face of persistent high inflation levels. Policymakers are waiting for evidence of inflationary pressures cooling before considering interest rate cuts.
Sentiment: NEUTRAL
Keywords: treasury bills, bonds, breaking news: markets, interest rates, u.s. economy, medium term notes, u.s. treasury bonds, prices, government debt, jeff cox, business news, u.s. 2 year treasury, treasury notes, economic events, u.s. 10 year treasury, jerome powell, monetary policy, markets,
Source: https://www.cnbc.com/2024/05/14/us-treasurys-investors-await-key-inflation-data.html