10-year Treasury yield declines as Fed hikes rates
Publishing timestamp: 2023-02-01 16:17:09
Summary
The yield on 10-year Treasury note declined after Federal Reserve raised its benchmark interest rate by quarter percentage point. Manufacturing activity declined more than expected in January, according to latest ISM survey. Job openings surged in December, according to Bureau of Labor Statistics. Fed gave hints that it could back off its tightening plans at some point, saying inflation has eased somewhat.
Sentiment: MIXED
Keywords: u.s. 10 year treasury, economic outlook, u.s. treasury bonds, treasury bills, economy, treasury notes, central banking, u.s. economy, u.s. 2 year treasury, breaking news: markets, business news, federal reserve bank, recessions and depressions, monetary policy, interest rates, bonds,
Source: https://www.cnbc.com/2023/02/01/us-treasury-yields-ahead-of-fed-interest-rate-decision.html