The yield on the U.S. 10-year Treasury continued to decline on Monday, following Federal Reserve Chair Jerome Powell\u2019s remarks that hinted at a potential rate cut in the near future. The 10-year Treasury yield dropped by 3 basis points, settling at 3.778%, while the 2-year Treasury yield fell by 2 basis points to 3.891%.<\/p>\n
These declines follow a broader downward trend that began last week when Powell made comments at the Jackson Hole symposium, signaling that the time might be ripe for a policy adjustment. On Friday, the 10-year yield had already slipped by 6 basis points, and the 2-year yield by nearly 10 basis points.<\/p>\n
Powell\u2019s speech was eagerly anticipated, with the Fed chair noting that inflation has significantly decreased, and the labor market is no longer overheated. However, he stopped short of guaranteeing a rate cut at the Fed\u2019s upcoming meeting on September 18, emphasizing that any decisions would be guided by incoming data and the broader economic outlook.<\/p>\n
Yields and prices move in opposite directions, with one basis point equals to 0.01%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The yield on the U.S. 10-year Treasury continued to decline on Monday, following Federal Reserve Chair Jerome Powell\u2019s remarks that\u2026<\/p>\n","protected":false},"author":432,"featured_media":48737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[15111],"class_list":["post-48734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-u-s-10-year-treasury"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/48734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/432"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=48734"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/48734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/48737"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=48734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=48734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=48734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}