10-year U.S. Treasury yield surpasses 4%, affecting interest rate cut expectations and loan rates.
The 10-year U.S. Treasury yield has surpassed 4% for the first time since August, spurred by a strong September jobs report that indicated robust employment growth. This shift has led to revised expectations for the Federal Reserve's interest rate cuts, with traders anticipating a quarter-point reduction in November. Higher borrowing costs may affect consumers and businesses, as the yield influences loan rates, including mortgages and student loans. Investors await upcoming inflation data to inform the Fed's decisions.
October 07, 2024
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