Treasury Yields Little Changed As Fed Meeting Nears
Treasury yields are little changed as markets position for a rate increase next week expected to be the last one before cuts start, likely early next year.
“Markets have been in a good mood with the inflation numbers coming down” and rising hopes of a soft landing, AmeriVet’s Gregory Faranello says in a note. He warns that “as inflation comes down, market-based financial conditions and volatility decline, and rate cut fever comes back…it will pay to remain vigilant.”
The 10-year is at 3.823% and the two-year at 4.738%.
By: Paulo Trevisani (paulo.trevisani@wsj.com)