Morningstar on Nostr: Long-term Treasury yields end near November highs after Fed's Powell delivers ...
Long-term Treasury yields end near November highs after Fed's Powell delivers economic outlook
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Long-term Treasury yields end near November highs after Federal Reserve Chairman Jerome Powell indicated that the central bank has time to let the data guide its interest-rate policy. The yield on the 2-year Treasury slipped 2 basis points to 4.679%, from 4.699% on Tuesday. The yield on the 10-year Treasury was little changed at 4.354%, versus 4.363% on Tuesday. The yield on the 30-year Treasury was also little changed at 4.509%, versus 4.508% on Tuesday. Powell repeated his view that it's too soon to say whether recent higher-than-expected inflation is more than just a bump in the road and that there is no rush to cut interest rates. Private-sector hiring was strong in March, with American businesses adding 184,000 new jobs, the biggest jump in hiring since July. The chance of a 25-basis-point cut from the Federal Reserve by June is at 61.7%.
#TreasuryYields #FederalReserve #JeromePowell #InterestRates #Inflation #PrivatesectorHiring #AmericanBusinesses #FederalReserveRateCut
https://www.morningstar.com/news/marketwatch/20240403288/long-term-treasury-yields-end-near-november-highs-after-feds-powell-delivers-economic-outlook
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Long-term Treasury yields end near November highs after Federal Reserve Chairman Jerome Powell indicated that the central bank has time to let the data guide its interest-rate policy. The yield on the 2-year Treasury slipped 2 basis points to 4.679%, from 4.699% on Tuesday. The yield on the 10-year Treasury was little changed at 4.354%, versus 4.363% on Tuesday. The yield on the 30-year Treasury was also little changed at 4.509%, versus 4.508% on Tuesday. Powell repeated his view that it's too soon to say whether recent higher-than-expected inflation is more than just a bump in the road and that there is no rush to cut interest rates. Private-sector hiring was strong in March, with American businesses adding 184,000 new jobs, the biggest jump in hiring since July. The chance of a 25-basis-point cut from the Federal Reserve by June is at 61.7%.
#TreasuryYields #FederalReserve #JeromePowell #InterestRates #Inflation #PrivatesectorHiring #AmericanBusinesses #FederalReserveRateCut
https://www.morningstar.com/news/marketwatch/20240403288/long-term-treasury-yields-end-near-november-highs-after-feds-powell-delivers-economic-outlook