10-year Treasury yield hits highest level since November as bets on June rate cuts cool down
Publishing timestamp: 2024-04-02 12:00:22
Summary
The 10-year Treasury note yield jumped as traders reconsider the possibility of a Federal Reserve rate cut in June. Manufacturing in the U.S. expanded for the first time in 17 months, leading to a decrease in odds for a rate cut. Markets are now uncertain about the direction of rate cuts moving forward.
Sentiment: NEUTRAL
Keywords: markets, business news, u.s. economy, u.s. 10 year treasury, breaking news: markets, united states, prices, central banking, world markets, economic events, bonds, u.s. 2 year treasury,
Source: https://www.cnbc.com/2024/04/02/us-treasury-yields-in-focus-as-investors-assess-economic-data.html