US 10-Year Yield Ends Week Above 4% as Traders Pare Rate Bets

Treasury yields climbed this week as traders scaled back expectations for a Federal Reserve rate cut in December following hawkish signals from Chair Jerome Powell and signs of resilience in the US economy.

The yield on 10-year notes closed around 4.09% on Friday after starting the week below 4%. The move reflects a shift in market sentiment with interest-rate swap contracts tied to the Fed’s December meeting now implying roughly even odds of a rate cut.

Continue Reading