10-year Treasury yield falls below 4% for the first time since February
Publishing timestamp: 2024-08-01 08:59:18
Summary
Treasury yields fell as investors considered a possible rate cut in September following comments from Federal Reserve Chair Jerome Powell. Economic data released also indicated a souring economic picture, with jobless claims and ISM manufacturing index coming in below expectations. Fed meetings are scheduled for the rest of the year.
Sentiment: NEUTRAL
Keywords: treasury notes, u.s. economy, prices, united states, treasury bills, markets, bonds, u.s. 2 year treasury, government debt, business news, u.s. treasury bonds, u.s. 10 year treasury, jerome powell, economic events, breaking news: markets,
Source: https://www.cnbc.com/2024/08/01/us-treasurys-investors-weigh-interest-rate-outlook.html