Treasury Yields Rise to Four-Week High

This week’s headline news continued to focus on the Fed and whether the U.S./China trade dispute will be resolved or continue. And while Federal Reserve Chair Powell has taken a dovish tone in remarks this week to Congress, traders will be eyeing the continuation of that testimony for further clues after a measure of U.S. consumer prices rose more than forecast. Will that testimony keep the rate-cut expectations in place for the July 30-31st meeting? Treasuries retreated after the latest inflation data, causing 10-year Treasury yields to climb six basis points to 2.12 percent, the highest in more than four weeks.

 

2019-07-11T21:34:19+00:00

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