US Two-Year Yield Eyes 5% Before Powell’s Remarks: Markets Wrap

US Two-Year Yield Eyes 5% Before Powell’s Remarks: Markets Wrap

Business
April 16, 2024 by secret
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[ad_1] (Bloomberg) — The world’s biggest bond market remained under pressure, with traders sifting through a slew of remarks from Federal Reserve speakers on speculation that policymakers will be in no rush to cut rates. Most Read from Bloomberg In the run-up to Jerome Powell’s speech, US two-year yields came closer to the 5% mark.