Diamond Member Pelican Press 0 Posted June 13, 2024 Diamond Member Share Posted June 13, 2024 U.S. Treasury yields in focus as Fed signals one rate cut this year U.S. Treasury yields rose on Thursday after the Federal Reserve kept interest rates unchanged and indicated that just one cut is expected before the end of the year. The rate on the 10-year Treasury rose more than 2 basis points to 4.316%. The benchmark note briefly dipped as low as 4.25% at one point in the previous session, notching its lowest level since April 1. The 2-year Treasury yield was also higher by 1 basis point at 4.76%. Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. The Fed on Wednesday held rates steady at 5.25%-5.50% and suggested it would lower rates just once later this year, down from three rate cuts forecast in March. The U.S. central bank indicated slight optimism that inflation ******** on track to trend back toward the Fed’s 2% goal, allowing for some policy loosening over the coming months. “Inflation has eased over the past year but ******** elevated,” the post-meeting statement said. “In recent months, there has been modest further progress toward the Committee’s 2 percent inflation objective.” On the data front, initial jobless claims for the week ending June 8 will be released alongside the producer price index for May at 8:30 a.m. ET. — Jeff Cox contributed to this report. This is the hidden content, please Sign In or Sign Up World Markets,Markets,Breaking News: Markets,Bonds,U.S. 10 Year Treasury,U.S. 2 Year Treasury,business news #U.S #Treasury #yields #focus #Fed #signals #rate #cut #year This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/45968-us-treasury-yields-in-focus-as-fed-signals-one-rate-cut-this-year/ Share on other sites More sharing options...
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