The 10-year US Treasury yield hit its lowest level since July as traders assessed the Federal Reserve’s future rate cuts. The yield on the benchmark 10-year Treasury note was last down around 2 basis points to 3.901%, its lowest level since July 27 when the 10-year yield was as low as 3.839%.
The 2-year yield slipped about 4 basis points to 4.399%, while the 30-year Treasury bond yield was little changed at 4.03%. The December consumer confidence survey came in stronger than expected, rising to 110.7 from the downwardly revised 101 a month earlier.
November existing home sales were greater than expected, with home sales rising 0.8% last month to a seasonally adjusted annualized rate of 3.82 million units.
Treasury yields have come off their highs after the Fed indicated three likely interest rate cuts in 2024, prompting a steep fall in the 10-year yield as investors increased bets on a quicker loosening of monetary policy.
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The 10-year US Treasury yield hit its lowest level since July as traders assessed the Federal Reserve’s future rate cuts. The yield on the benchmark 10-year Treasury note was last down around 2 basis points to 3.901%, its lowest level since July 27 when the 10-year yield was as low as 3.839%. The 2-year yield …<\/p>\n","protected":false},"author":13,"featured_media":91453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7147,6885,10809,6984],"class_list":["post-94436","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-existing-home-sales","tag-fed","tag-loosening-monetary-policy","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=94436"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94436\/revisions"}],"predecessor-version":[{"id":94442,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94436\/revisions\/94442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/91453"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=94436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=94436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=94436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}