And the Beat Goes On

U.S. 10-year Treasury yields have dipped to their lowest levels in more than two years. Globally, bonds extended their rally as investors weighed the prospect of more dovish appointees to two of the world’s major central banks. Besides the U.S. government’s latest monthly tally of hiring set to be released Friday and the upcoming earnings reporting season, the next milestone for markets appears to be the Federal Reserve’s meeting at the end of the month. Given concern over economic slowing, investors expect the Fed to cut interest rates for the first time since the Great Recession of 2008. The 10-year Treasury yield currently sits at 1.95 percent; 12 basis points lower than one month ago and 88 basis points lower than one year ago.

 

2019-07-03T20:19:51+00:00

Leave A Comment