U.S. Treasury yields rose on Monday as stronger-than-expected manufacturing data raised doubts on whether the Federal Reserve could actually deliver on the three interest rate cuts outlined in its forecast at the last policy meeting. U.S. two-year and 10-year yields climbed to two-week peaks in the wake of the robust manufacturing data.
U.S. Treasury yields rose
on Monday as stronger-than-expected manufacturing data raised
doubts on whether the Federal Reserve could actually deliver on
the three interest rate cuts outlined in its. -April 01, 2024 at 11:39 am EDT
- MarketScreener
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Today, durable goods orders grew but economists expect continued unevenness in manufacturing. Home prices also grew year-over-year amid limited homes for sale and consumers are losing confidence in the immediate economic future.