"Market Watch: Investors Assess Treasury Yield Movement and Await Jobs Report"
TL;DR Summary
The 10-year Treasury yield decreased as investors awaited the release of March nonfarm payrolls and monitored speeches from Federal Reserve officials. Data showed an increase in initial jobless claims and the trade deficit, while Fed Chair Jerome Powell emphasized the uncertainty surrounding potential interest rate cuts due to inflation. The Fed held interest rates steady in March and signaled expectations for three quarter-percentage point cuts by the end of 2024.
- 10-year Treasury yield moves lower as investors weigh Kashkari remarks and look ahead to Friday jobs report CNBC
- Treasury yields steady after initial jobless claims MarketWatch
- US 10-Year Yield Is Set to Revisit 4.5%, ING Financial Says Bloomberg
- Rising Treasury yields pose a test for richly valued US stocks Reuters
- US 10-year yields finish right at 4.35% again ForexLive
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
75%
277 → 70 words
Want the full story? Read the original article
Read on CNBC