Investors Analyze Interest Rates as Treasury Yields Fluctuate
The 10-year U.S. Treasury yield rose as investors assessed the path for interest rates and central bank policy. The yield on the 10-year Treasury increased by over 3 basis points, while the 2-year Treasury yield rose by more than 6 basis points. The moves came after Federal Reserve chief Jerome Powell's comments on Friday, where he stated that it would be premature to speculate about rate cuts and did not exclude the possibility of rates going higher. Investors are eagerly awaiting hints about when rates may be lowered from the Fed's next meeting, and are also looking at upcoming economic data to gauge the impact of higher interest rates on the economy.
