U.S. Treasury yields were mixed on Wednesday, as investors considered the outlook for monetary policy and financial markets for the coming year. At 5:10 a.m. ET, the yield on the 10-year Treasury was down by over 1 basis points to 3.872%. The 2-year Treasury yield was flat at 4.293%. Yields and prices move in opposite … Read more
The 10-year Treasury note yield slipped further on Monday, as the final full trading week of 2023 gets underway. Traders continue to digest the unexpectedly dovish tone of the U.S. Federal Reserve last week. The central bank held its key interest rate steady and revealed that policymakers were penciling in at least three rate cuts next … Read more
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs … Read more
The 10-year Treasury note yield slipped Friday, adding to its sharp downturn this week, as traders brace for possible Federal Reserve rate cuts next year. The yield on the 10-year Treasury was lower by less than one basis point at 3.927%. It had fallen below the 4% level for the first time since August on … Read more
Treasury yields dropped on Wednesday, with the yield on the 10-year hitting its lowest level since August after the Federal Reserve held rates steady for a third consecutive meeting and set the stage for three cuts in 2024. The yield on the 10-year Treasury dropped 19 basis points to 4.016%. The last time the 10-year … Read more
The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more
U.S. Treasury yields were higher on Wednesday as investors assessed the state of the economy after the release of labor market data. At 6:21 a.m. ET, the yield on the 10-year Treasury was up 3 basis points at 4.203%. It had fallen below the 4.2% mark for the first time since early September on Tuesday. … Read more
