Interest Rate Cut Could Be Coming Soon

Investors remained upbeat during the week amid a host of geopolitical issues. While the market absorbs a daily drumbeat of political tensions around the globe, plenty of caution remains, driving demand for safe-haven investments, including the U.S. Treasuries. And with the Fed’s recent dovish stance, a surprise increase in U.S. jobless claims supports the notion that a Federal Reserve rate cut is on the way. The 10-year Treasury yield is currently at 2.09; down 6 basis points from the high of the week, 31 basis points from one month ago and 87 basis points from one year ago.

 

2019-06-13T22:43:01+00:00