Treasury Yields Surge to Multi-Year Highs Amidst Fed's Rate Announcement
TL;DR Summary
The 10-year Treasury yield reached its highest level since 2007, closing at 4.37%, ahead of the Federal Reserve's rate announcement. September could mark the fifth consecutive month of yield increases for the 10-year Treasury. Despite the climb, the Fed is expected to maintain its federal funds rate target, with a 99% probability of no rate change. Investors will closely watch the Fed's Summary of Economic Projections for insights into growth, inflation, and the projected rate path. Chairman Jerome Powell's remarks at the Jackson Hole conference indicated that the Fed is not ready to halt rate hikes despite moderating inflation.
- 10-Year Treasury Yields Soar To 16-Year Peak Ahead Of Fed's Crucial Rate Announcement - US Treasury 10 Ye Benzinga
- 2-year Treasury yield touches highest level since 2006 as Fed signals it's not done hiking CNBC
- Two-year Treasury yield hits highest point since 2006 after Fed decision Financial Times
- Treasury yields extend multi-year highs as investors digest Fed rate decision CNBC
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