2023-12-20 10:25:04
The 10-year U.S. Treasury bond yield fell slightly on Wednesday (20th) as traders continued to evaluate the path of future interest rate cuts by the Federal Reserve, continuing a recent downward trend.
5:11 ET, indicator 10-Year Treasury Bond YieldIt fell 3 basis points to 3.892% and fell below 4% last Thursday (14th), hitting the lowest point since July. The 2-year Treasury yield fell 5.1 basis points to 4.386%.
Meanwhile, the 30-year Treasury yield fell 2.1 basis points to 4.015%.
Yield is inversely proportional to price. 1 basis point equals 0.01 percentage point.
U.S. Treasury yields have fallen off their highs after the Federal Reserve last week said it could cut interest rates three times in 2024.An unexpected dovish turn led to 10-Year Treasury Bond YieldThe sharp decline came as investors increased bets on faster easing of monetary policy.
Economic data released on Wednesday include US third-quarter current account data, followed by November existing home sales data and December consumer confidence data.
There will also be an auction of $56 billion of 17-year Treasury bonds and $13 billion of 20-year bonds on Wednesday.
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