Bond yields fell on Wednesday, clipping recent gains triggered by worries inflation is not slowing enough to stop the Fed from continuing to hike rates.
Bond yields fell on Wednesday, clipping recent gains triggered by worries inflation is not slowing enough to prevent the Federal Reserve from continuing to increase borrowing costs.
What’s happening What’s driving markets Treasury yields are paring a portion of the previous sessions gains that were sparked by signs U.S. inflation remains stubbornly high. The central bank is expected to take its Fed funds rate target to 5.25% by August 2023, according to 30-day Fed Funds futures. Just a few weeks ago traders were betting the peak rate would be 4.9% in June.
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