Treasury Yields Rise Slightly as Investors Navigate Data Silence
U.S. Treasury Yields: Treasury yields increased slightly following a more hawkish tone from the Federal Reserve after a recent interest rate cut, with the 10-year yield reaching 4.103%.
Interest Rate Cut: The Federal Reserve lowered interest rates by 25 basis points to a target range of 3.75%-4%, the lowest in three years, amid ongoing economic uncertainty due to a government shutdown.
Economic Data Focus: Attention is shifting to the upcoming Chicago Purchasing Managers' Index data, with expectations for improvement in business activity, as the government shutdown complicates economic forecasting.
Corporate Earnings Spotlight: Companies' earnings reports, particularly from Apple and Amazon, are under scrutiny for insights into consumer sentiment, while Fed officials are scheduled to speak, with Chairman Powell indicating that further rate cuts are not guaranteed.
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