Connect with us

Hi, what are you looking for?


Treasury Yields Jump as Fed Officials Signal Speedier Hikes

Forex1 hour ago (Jun 16, 2021 02:54PM ET)

(C) Bloomberg. An American flag flies above the U.S. Treasury building in Washington, D.C., U.S., on Thursday, April 16, 2020.

(Bloomberg) — The 10-year Treasury yield climbed after Federal Reserve policy makers surprised markets and signaled two quarter-point rate hikes by the end of 2023.

Ten-year yields rose five basis points to 1.54%, extending a rebound from a three-month low of 1.427% touched last week, as it touched the highest since June 8.

The projections of when central-bank officials envision lifting their benchmark overnight rate from near zero also sent the dollar surging. Bond-market gauges of inflation expectations fell.

The Fed’s quarterly projections showed 13 of 18 officials favored at least one rate increase by the end of 2023, versus seven in March. Eleven officials saw at least two hikes by the end of that year. In addition, seven of them saw a move as early as 2022, up from four.

(C)2021 Bloomberg L.P.

Treasury Yields Jump as Fed Officials Signal Speedier Hikes

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...


If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...


ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved