U.S. Treasury yields were higher on Tuesday as market participants await a fresh batch of economic data and further comments from Federal Reserve officials.
U.S. Treasury yields were higher on Tuesday as market participants awaited fresh economic data and further comments from Federal Reserve officials.almost 8 basis points higher
after the U.S. central bank lowered interest rates by 50 basis points on Wednesday. Markets had raised the probability of the outsized move ahead of the meeting, but the announcement came as a surprise to many economists."I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC"Squawk Box" interview.
Biden's UN speech will highlight his diplomatic successes, amid wars in the Middle East, Ukraine, Sudan Investors are set to closely monitor further comments from Fed officials. Fed Governor Michelle Bowman and Fed Governor Adriana Kugler are both scheduled to deliver remarks on the U.S. economic outlook at separate events on Tuesday.Consumer confidence data for September and Richmond Fed surveys for September are both scheduled to be released at 10 a.m. ET.
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