The yield on the 10-year note slipped to 3.276%, paring gains after notching its biggest move since 2020 in the previous session.
for the first time since early April as investors braced for the prospect of aggressive monetary policy tightening to lower inflation. This measure is closely monitored by traders and is often seen as an indicator of a recession.during the regular session on Wall Street as market participants await the start of the Federal Reserve's two-day policy meeting, which concludes on Wednesday.
"The move in the 10-year Treasury yield toward 3.5% shows the market's fear that the Fed may fall further behind the curve is increasing. In turn, this will give the Fed less room to 'declare victory' and ease off on rate hikes," Mark Haefele, chief investment officer at UBS Global Wealth Management, said.
"As a result, the risks of a Fed-induced recession have increased, in our view, and the chances of a recession in the next six months have risen," Haefele added.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jan. 6 hearings resume; Trump 2020 campaign manager unable to testify before committee: WATCH LIVE📹 LIVESTREAMING NOW: January6thCommitteeHearings present former Atty. Gen. William Barr's testimony to offer a glimpse into Pres. Trump's thought process in the days following the 2020 election. 🔗 Watch here: 📺 Also airing on ABC13Houston
Read more »
Jan. 6 witnesses to committee: We told Trump not to claim quick victory after 2020 electionDonald Trump's campaign manager and other top aides said they believed the 2020 presidential race was too close to call on Election Night.
Read more »
Bill Stepien broke with Trump after 2020 — but not all his candidates didTrump’s former campaign manager represents many Republicans who have entertained false claims that the election was stolen.
Read more »
Bitcoin Plunges Below $25K, Lowest Level Since December 2020Bitcoin plummeted under $25,000 on Monday morning amid weakness in the macroeconomic environment and systemic risk from within the crypto market. By shauryamalwa
Read more »
Jan. 6 hearings resume; Trump 2020 campaign manager unable to testify before committee: WATCH LIVEWATCH LIVE: Jan. 6 hearings continue with key witness unable to testify before committee. Special Report streaming now
Read more »