US Yields Rise as Solid Data Keeps Lid on Fed Bets: Markets Wrap
Written by Black Hot Fire Network on April 18, 2024
(Bloomberg) -- Treasury yields edged higher after solid economic data spurred bets the Federal Reserve will be in no rush to cut interest rates.
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Ahead of the start of the Fed’s pre-meeting silent period, the bond market lost traction — with two-year yields approaching the 5% mark. That’s a day after dip buyers resurfaced to snatch Treasuries at attractive yields, triggering a wave of short-covering. Equities halted a four-day losing streak that drove the S&P 500 close to “oversold” levels.
“Most of the . . .
