US Bond Yields Edge Higher Over Fed Rate Cut Expectations

US Treasury bond yields climbed higher on Friday over increased expectations for a rate cut by the Fed.

US dollar

US Treasury bond yields climbed higher on Friday over increased expectations for a rate cut by the Fed. Early on Friday morning, the yield on the 10-year Treasury rose to around 2.05% while the yield on the 30-year Treasury note touched 2.5756%.

Driving this move were comments by the NY Fed President John Williams, suggesting that the central bank should “act quickly” as the economic growth slows, especially in the wake of low interest rates and weak inflation. His comments increased the likelihood for more aggressive rate cuts by the Fed in the near future, causing significant movement in the US dollar, Wall Street and GOLD.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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