Explore the latest developments concerning U.S. Treasury yields.
U.S. Treasury yields hold steady as investors await expected Fed rate cut
U.S. Treasury yields moved higher Monday as expectations continued to rise on an interest rate cut at the Federal Reserve's meeting on Wednesday.Â
The 10-year Treasury yield was up more than 3 basis points at 4.178%, while the 30-year Treasury yield rose more than 2 basis points to 4.818%. The 2-year Treasury yield climbed more than 3 basis points as well to 3.602%.
One basis point is equal to 0.01% and yields and prices move in opposite directions.
Markets are expecting that the Fed will cut its key interest rate at its final meeting of the year, with traders pricing in around an 87% chance of a 25-basis-point cut when the central bank concludes its two-day meeting, according to the CME FedWatch tool. Investors priced in a near 67% chance of a cut one month ago.
US Treasuries Wrap Up Worst Week Since April Amid Fed Doubts
(Bloomberg) — Treasuries closed out their worst week in eight months as conflicting economic data challenged expectations for how much the Federal Reserve might cut interest rates next year.
US 10- and 30-year yields rose four basis points on Friday to finish a week in which they spiked the most since April, when havoc erupted in global financial markets after the US administration rolled out its tariffs agenda.
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While traders widely expect the Fed to cut interest rates next week, jitters have emerged over expectations for additional cuts next year amid mixed signals on the health of the US labor market.
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