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Treasury Yields Slide as Dudley Fuels Speculation on Fed Cuts
The yield on two-year Treasuries plunged to the lowest since February as speculation mounted that Federal Reserve officials will soon cut US interest rates. Investors were focused on former New York Fed President William Dudley’s call for lower US borrowing costs and weaker economic data as yields slipped around the globe on Wednesday. In a Bloomberg Opinion column, Dudley said policymakers should reduce rates soon — preferably at next week’s gathering. Short-term Treasury rates saw the biggest declines, outstripping moves lower in long-term peers. Two-year yields fell as much as seven basis points to below ... (full story)
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- Posted: Jul 24, 2024 12:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,672
