10-year Treasury yield rises as investors weigh likelihood of U.S. interest rate cut
Publishing timestamp: 2024-08-27 12:40:22
Summary
The U.S. 10-year Treasury rose as investors anticipate interest rate cuts following comments from Federal Reserve Chair Jerome Powell. Market participants are expecting a rate cut at the Fed's next meeting in September. Additionally, the S&P CoreLogic Case-Shiller national home price index showed an increase in prices in the largest U.S. cities.
Sentiment: NEUTRAL
Keywords: u.s. 2 year treasury, bonds, u.s. economy, business news, breaking news: markets, markets,
Source: https://www.cnbc.com/2024/08/27/us-bonds-in-focus-amid-investor-optimism-on-interest-rate-cuts.html