"Treasury Yields Dip After Fed's 2024 Rate Update"
TL;DR Summary
U.S. government-debt yields hit their lowest levels in at least two weeks after the Federal Reserve signaled a need for more time before considering interest rate cuts. The 2-year, 10-year, and 30-year Treasury yields all dropped, with the 10- and 30-year yields reaching their lowest points since January 12. Fed Chairman Jerome Powell emphasized the risks to inflation and indicated that a rate cut in March is unlikely. The market responded to this news, as well as to reports of China's contracting manufacturing activity and lower-than-expected job creation in the U.S., with increased Treasury buying.
- Treasury yields drop after Federal Reserve’s first interest-rate update of 2024 MarketWatch
- 10-year Treasury yield falls below 4% as traders evaluate Fed decision CNBC
- Treasuries Pare Gains as Powell Says March Rate Cut Unlikely Yahoo Finance
- Treasury Yields Plunge on Fresh Bank Fears, US Economic Data Bloomberg
- 10-Year Yield Slips Below 4%. Three Reasons Why. Barron's
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