"Treasuries Suffer Biggest 2-Day Losses in Years Amid Delayed Rate Cuts"
TL;DR Summary
Long-dated Treasury bonds experienced their largest two-day losses since 2020 and 2022, driven by strong U.S. economic data and Federal Reserve Chair Jerome Powell's comments cautioning against early interest-rate cuts. Yields on 2-, 10-, and 30-year Treasury bonds rose significantly, reaching their highest levels in months. Powell's remarks on "60 Minutes" and positive economic indicators, including a surge in nonfarm payrolls, have led to speculation about the Fed's interest-rate path and intensified concerns about "higher for longer" rates.
- 10- and 30-year Treasury bonds post biggest 2-day losses in years MarketWatch
- 10-year Treasury yield jumps a second day to 4.17% as rate cut chances get pushed further back CNBC
- Treasuries Start 2024 With Losses as Fed Rate Cuts Delayed Bloomberg
- Week of Whipsawing Treasurys Casts Doubt on Soft-Landing Trade The Wall Street Journal
- Bond-market selloff driven by 'higher for longer' fears leads to worst two-day losses in years MarketWatch
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