10-year Treasury yield rises slightly to start second quarter

The 10-year U.S. Treasury yield rose slightly Monday, while the 2-year yield was marginally lower, as investors kicked off the second quarter and weighed the latest U.S. inflation data.

The benchmark rate was trading around 4.208% at 6:34 a.m. ET. The yield on the 2-year Treasury note was 2 basis points lower at 4.599%.Markets are reacting for the first time to the Bureau of Economic Analysis' personal consumption expenditures reading for February — the Fed's preferred inflation gauge — released on Friday. Excluding food and energy,The figures will likely add to the belief that the Federal Reserve will hold off on cutting rates at its next meeting.

His comments come amid a growing sense that the Fed could keep rates at their current level for longer than expected.on Thursday that the likelihood of one or no Fed interest rate cuts this year was looking "pretty good." Blitz said markets would continue to march higher, however, even if the Fed decides not to impose any interest rate cuts this year."I'm not saying that they have to go back to zero, but they have to be more aggressive," the firm's chief market strategist told CNBC's "" on Thursday. "One of the most aggressive topics that I talk to clients about is how bad the incoming data is.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mainly cloudy, windy Monday; Rain, storms late Monday nightMontgomery, Alabama
Source: ALNewsNetwork - 🏆 583. / 51 Read more »

2-year Treasury yield rises as investors mull interest rate outlookU.S. Treasury yields climbed on Thursday as investors considered the path ahead for interest rates following the latest comments from Federal Reserve officials.
Source: NBCDFW - 🏆 288. / 63 Read more »

10-year Treasury yield ticks lower as investors weigh economic dataThe 10-year U.S. Treasury yield fell slightly on Tuesday as investors weighed the previous day's data points and looked ahead to key inflation figures.
Source: CNBC - 🏆 12. / 72 Read more »

2-year Treasury yield slides below 4.6% as Fed this week signals lower rates aheadU.S. Treasury yields fell on Friday as investors weighed the path ahead for monetary policy and considered when the Federal Reserve will begin cutting rates.
Source: CNBC - 🏆 12. / 72 Read more »

10-year Treasury yield dips as investors consider state of the economyU.S. Treasury yields were mixed on Monday as investors weighed the state of the economy and looked ahead to key data slated for the week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

U.S. Treasury yields search for direction after the long weekendThe 10-year U.S. Treasury yield was flat on Monday morning, while the 2-year yield slipped slightly.
Source: CNBC - 🏆 12. / 72 Read more »