2023-11-02 10:18:16
U.S. Treasury yields fell on Thursday (2nd) as investors bet that the Federal Reserve may raise interest rates this year.
6:09 a.m. ET,10-Year Treasury Bond YieldIt fell 7.1 basis points to 4.72%. The 2-year Treasury note rate fell 1.3 basis points to 4.958%; it had fallen to 4.925%, near a 2-month low.
Yield and price are inversely related. 1 basis point equals 0.01 percentage point.
After the latest monetary policy meeting, the Federal Reserve kept interest rates unchanged for the second consecutive time on Wednesday (1st).
However, at the press conference following the meeting, Fed Chairman Jerome Powell did not rule out the possibility of further raising interest rates at the December meeting, and pointed out that a rate cut has not yet been considered.
“We still have a long way to go to get inflation down to 2% on a sustained basis,” he said.
The Fed also said that “economic activity expanded strongly in the third quarter,” and that even though labor market growth slowed slightly, it “remained strong.” Earlier this month, Powell said economic growth may need to slow for inflation to fall to the Fed’s 2% target.
Economic data released on Wednesday suggested the labor market may be slowing. The weekly number of initial jobless claims will be released on Thursday, and the October employment report will be released on Friday (3rd), including non-farm payrolls data and the unemployment rate.
1698928023
#Optimistic #Fed #raising #interest #rates #year #U.S #bond #yields #fall #Anue #JuhengU.S #Stock #Radar
