10-year Treasury yield increased, as Minneapolis Fed President Kashkari suggests no rate cut until December.
Treasury bond yields rose on Monday as Minneapolis Federal Reserve President Neel Kashkari indicated that the central bank may not cut interest rates until December, pending further economic data. The 10-year Treasury yield increased 2 bps to 4.236%, and the 2-year Treasury note yield rose by around 2 bps to 4.708%. Kashkari stated that more evidence is needed to confirm inflation will return to 2%.
June 17, 2024
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