U.S. Treasury yields fall amid uncertainty over Fed\’s interest rate outlook

U.S. Treasury yields fell on Thursday (23rd) as investors continued to weigh the timing of future interest rate cuts by the Federal Reserve.

U.S. Treasury yields fell on Thursday (23rd) as investors continued to weigh the timing of future interest rate cuts by the Federal Reserve.
At 5:38 a.m. EST, the 10-year Treasury bond yield fell 1.4 basis points to 4.42%; the 2-year Treasury bond yield edged down 0.9 basis points to 4.869%.
One basis point when yield and price move in opposite directions is equal to 0.01 percentage point.
Fed officials have become more concerned about inflation at their latest meeting, with members signaling they lack the confidence to push for a rate cut.
Minutes of the Federal Open Market Committee\’s April 30-May 1 policy meeting released on Wednesday (22nd) showed uncertainty among policymakers about when to ease policy.
Meanwhile, Britain\’s higher-than-expected inflation rate on Wednesday came in at 2.3% on an annual basis, lowering expectations that the Bank of England will cut interest rates in June.

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