Reported about 10 hours ago
US Treasury yields increased this week as traders reduced their bets on a Federal Reserve rate cut in December, following hawkish comments from Chair Jerome Powell and signs of economic resilience. The yield on 10-year notes fell to about 4.09% after starting below 4%. Despite a recent rate reduction, Powell's remarks signaled that further easing is uncertain, leading to a reassessment of market expectations. Investors are also waiting for more economic data impacted by a government shutdown, while strong corporate bond sales added pressure on Treasuries.
Source: YAHOO