Fed's 'Big Shift' Causes Treasury Yields to Slip Further
TL;DR Summary
The 10-year Treasury yield slipped further as traders continue to digest the unexpectedly dovish tone of the U.S. Federal Reserve, which revealed plans for at least three rate cuts next year. The yield fell below 4%, hitting its lowest level since July. Deutsche Bank strategists described the Fed's move as a "big shift," but some Fed officials pushed back against market excitement, stating that rate cuts are not imminent. U.S. stock futures rose, and housing market index results and two U.S. Treasury auctions are expected.
Topics:business#10-year-treasury-yield#finance#interest-rates#market-reaction#rate-cuts#us-federal-reserve
- 10-year Treasury yield slip further after Fed's 'big shift' CNBC
- Wall St Week Ahead Epic Treasury rally may be running out of fuel as Fed pivot priced in Reuters
- The Stock Market Likes Lower Bond Yields—Just Not Too Low Barron's
- Treasuries 10-Year Yield Falls Below 4% as Fed Sees Rate Cuts Yahoo Finance
- Treasury Yield Falls Back Below 4%; Global Bond Markets Rally The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
68%
269 → 85 words
Want the full story? Read the original article
Read on CNBC