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Treasury Yields Fall as Fed Speech Eases Rate Hike Fears
Original: 🟠 UPDATE US Treasury Yields Fall as Fed Speech Calms Rate Hike Expectations U.S. Treasury yields decreased after hitting
US Treasury yields declined after reaching their highest level since 2002, with a Federal Reserve speech easing expectations of further rate hikes. Investors had been worried about inflation following a recent selloff in the bond market. The pullback is being read as a sign that Fed officials may hold off on additional tightening, calming markets that had grown anxious about borrowing costs.
Why now: Markets reacted to a Fed speech that lowered expectations of further rate hikes after yields hit a two-decade high.
US TreasuryFederal ReserveCNBC
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/462388