Treasury Yields Ease as Markets React to Hawkish Fed
Dow Jones
3 hours ago
1546 ET - Treasury yields' decline despite the Fed hike, as the central bank seems to convince Wall Street it is serious about bringing inflation down to target. Oil prices also help, slipping 1%. The yields decline, however, is curbed by increasing discomfort with rising government debt, while the Middle East remains volatile and keeping crude above $100 a barrel. The yield curve flattens, with the long end falling faster. The 10-year drops 0.057 percentage point to 4.946%, while the two-year declines 0.038 points to 4.688%.
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