Silvercrest Asset Management’s Post

This is an important day for treasury yields which have spiked following Fed minutes indicating a further interest rate hike or hikes could be required to meet a 2% inflation target. #economics #Fed #treasuries #bonds #yield #interestrates #inflation

Benchmark 10-year Treasury Yields Hit Two-Week Lows as Fed Holds Steady on Rates

Fixed Income US 10-year Treasuries +2 basis points to 4.09%. German 10-year bunds +4 basis points to 2.30%. UK 10-year gilts were little changed at 3.97%. US Treasury yields rebounded slightly on Monday from last week's decline, as investors consolidated positions ahead of today’s CPI number. On the shorter end of the curve, the two-year Treasury yield was +4.8 basis points to 4.535%. Yield inversion deepened to -44.2 bps, from -40.3 bps at Friday's close. German 10-year yields, the European benchmark, rose on Monday as traders came to terms with the prospect of a June cut by the ECB, although some traders are starting to once again consider a possible April cut if inflation decelerates faster than the current projections anticipate. The 10-year bund fell 14.5 bps last week, its biggest weekly drop in 12 weeks. Note: As of 4 pm EST 11 March 2024 #fixedincome #ecb #ustreasury #bonds #exante

U.S. Treasury yields consolidated their weekly gains on Friday. The 2-year U.S. Treasury bond yield is 4.99%, and the 5-year and 10-year yields are 4.40% and 4.26% respectively. The yields on these three Treasury bonds of different maturities all rose modestly, limiting the rise in gold prices on the day.

GBP/USD consolidates as focus shifts to Fed and BoE monetary policy meetings;   The pound sterling (GBP) registered lackluster moves on Wednesday as investors await monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE). GBP/USD remains on tenterhooks as investors expect that the BoE will keep interest rates unchanged.   The near-term demand for GBP/USD looks vulnerable as traders seem to believe that the BoE will hold rates steady, prompted by fears of a slowdown in the UK economy, shrugging off still stubborn price pressures. Apart from the monetary policy decision, traders will look for guidance on interest rates going forward and the inflation outlook. UK Prime Minister Rishi Sunak vowed in January to halve inflation to 5.4% by year-end, a promise that looks challenging as annual price growth was at 6.7% in September, broadly unchanged since July.   GBP/USD juggles around 1.2150 as investors await the monetary policy decision from both the Fed and the BoE. The near-term outlook remains bearish as the 20-day Exponential Moving Average (EMA) has been acting as a major barricade for the GBP/USD bulls. Downward-sloping 50-day and 200-day EMAs indicate that the broader trend is extremely bearish. Momentum oscillators demonstrate a contraction in volatility. #gryffinedge #forextrading #fxtrading #portfoliomanagement #gbpusd

Treasury yields continue to drop - now pricing in full 1% in rate cuts for 2024 ECB and BOE rate announcements on tap this morning - both expected to hold and signal rate cuts for 2024 in line with Fed Action “At 6 a.m. ET, the yield on the 10-year Treasury was down by 8 basis points at 3.951%, breaking below the 4% mark for the first time since August. The 2-year Treasury yield was last more than 14 basis points lower at 4.334%. It had fallen by as many as 25 basis points on Wednesday.” #yields #treasuries #rates #centralbankspivot #cpi #markets #globalmarkets #inflation #economy #gilts #globaleconomy #investing #assets #bonds #treasury #stocks #etfs #softlanding

Treasury yields continue to tumble after PPI fell in May

My guess is that 10 year treasury bond yields and Federal Reserve interest rates will top out at 7% and then go down gradually from there.

US Treasury yields have rebounded in 2024 as investors anticipate the Federal Reserve will cut interest rates sooner than expected in response to cooling inflation. Key points: The average interest rate on US Treasury bonds as of June 2024 was 3.162%, down from earlier in the year. US Treasury yields dropped across the board after US consumer prices unexpectedly slipped 0.1% in June 2024. Investors are betting that decelerating US inflation will prompt the Fed to reduce interest rates earlier and by a greater magnitude than currently projected, capping Treasury yields' upward trajectory. The 10-year Treasury yield briefly broke above 4.4% in April 2024 but has since retreated, trading around 4.375% as of early April. The 2-year Treasury yield was around 4.708% as of early April 2024, indicating expectations of future rate cuts. The yield curve, as measured by the spread between 2-year and 10-year Treasury yields, has inverted, also signaling expectations of rate cuts. In summary, US Treasury yields have erased earlier 2024 losses as investors anticipate the Federal Reserve will cut interest rates sooner than expected in response to cooling inflation. https://lnkd.in/gxqBXhSC

Five Major Factors That Can Swing Treasury Yields CME Group #treasuryyields