Treasury yields fell on Thursday morning following a dovish message on monetary policy from Federal Reserve Board Chairman Jerome Powell.
Benchmark yield 10-year government bond At 3:50 EST, it fell by almost 4 basis points to 1.317%.Yield 30-year government bond It fell by almost 5 basis points to 1.94%. Yield is inversely proportional to price.
so Wednesday testimonyPowell told the US Housing and Financial Services Commission that the US economy is “on the road” as the Federal Reserve Board needs to tighten monetary easing policy.
Powell will speak Thursday at 9:30 EST in front of the Senate Committee on Banking, Housing and Urban Issues.
The number of weekly unemployment claims filed last week is set to be published Thursday at 8:30 EST. Economists polled by Dow Jones expect their first unemployment benefit to be 360,000, compared to 373,000 for the week ending July 3.
The auction will take place on Thursday with a $ 40 billion four-week invoice and a $ 35 billion eight-week invoice.
— — CNBC’s Maggie Fitzgerald contributed to this market report.
Treasury brings depression following the dovish Federal Reserve Board message
Source link Treasury brings depression following the dovish Federal Reserve Board message