Home / Market Update / Forex Market / Treasury yields rose on Powell’s Rate Hike Hints

Treasury yields rose on Powell’s Rate Hike Hints

The 10-year Treasury yield climbed above 1.8% Wednesday as Federal Reserve Chairman Jerome Powell offered an unusual degree of transparency for a Fed Chair, indicating that he endorses a quarter-percentage point increase when the central bank concludes its two-day policy meeting on March 16.

Wednesday’s trading brought a respite to the post-invasion Treasury rally that sent yields down sharply on Monday and Tuesday, as Powell said he advocates for March’s interest rate hike.

Check Also

Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally

The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back recent …