Jump to content
  • Sign Up
×
×
  • Create New...

Treasury Yields Rise Sharply as Data Rules Out Big Rate Cuts


Recommended Posts

  • Diamond Member

This is the hidden content, please

Treasury Yields Rise Sharply as Data Rules Out Big Rate Cuts

(Bloomberg) — US Treasury yields surged after resilient US economic data prompted traders to lower their expectations of aggressive Federal Reserve interest-rate cuts this year.

Most Read from Bloomberg

The move in Treasuries was led by the policy-sensitive two-year yield, which rose 14 basis points to 4.09% on Thursday after readings of US retail sales and jobless claims.

Traders pared back bets for a super-sized September rate reduction, pricing in less than 30 basis points of easing next month. They now see a total of 94 basis points of cuts for the remainder of 2024, down from more than 100 prior to the data.

US retail sales accelerated in July by more than forecast, suggesting consumers are resilient in the face of higher prices and borrowing costs. Initial applications for US unemployment benefits, meantime, fell for a second week to the lowest level since early July.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.



This is the hidden content, please

#Treasury #Yields #Rise #Sharply #Data #Rules #Big #Rate #Cuts

This is the hidden content, please

This is the hidden content, please

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Vote for the server

    To vote for this server you must login.

    Jim Carrey Flirting GIF

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.