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Mar 25, 2024 9:13 AM

US 10Y TREASURY: digesting Fed`s narrative  

United States 10 Year Government Bonds YieldTVC

Description

Since the beginning of March, US Treasuries were waiting for a Fed`s clear signal over the course of their interest rate actions, and they finally got the necessary details in a statement after the FOMC meeting. The Fed is planning to cut interest rates three times till the end of this year. A few more cuts are coming in 2026. This information brought some relaxation in 10Y Treasury yields, so they moved from 4.34% as a highest weekly level toward the supporting 4.2%.

Current question is whether yields are preparing for a move toward levels from the beginning of March, when they were standing at 4.0%? On a long run, they will certainly make this move, however, probably not during the week ahead. The reason is that markets take time to digest all the information received, and then make a decision on a clear move. In this sense, for the week ahead the most probable scenario is that 10Y Treasury yields will take some time to test the 4.2% before they decide for a move toward the lower grounds.
Comments
Schmitty69
White people deserve this. White people deserve the biggest crash possible. Maybe then immigrants to USA: white people (Asian and African immigrants are legally white) will think about anything. White people deserve this. Black means descendant of ex slaves. White is EVERYTHING else. Legally.
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