Reported about 1 month ago
The 10-Year Treasury yield surged to 4.19% on Monday, marking its highest level in nearly three months as market expectations for interest rates shift following the Federal Reserve's first rate cut in over four years. Despite a lack of clear triggers for this increase, yields have been on the rise since the rate cut, as economic data has generally provided supportive insights, allowing the Fed to take a cautious approach. As a result, Wall Street's projections for future rate cuts have significantly diminished.
Source: YAHOO