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Treasury rally ignites debate on how fast Fed needs to cut rates

Business Mirror LogoBusiness Mirror14h ago

Treasury rally ignites debate on how fast Fed needs to cut rates - Business Mirror

Quick Summary:

On Tuesday, two- and 10-year yields rose about four basis points in Asia hours, paring losses in previous sessions.

That’s stoking debate around the Fed’s next steps.Citigroup Inc.and JPMorgan Chase & Co.last week predicted the central bank would lower its benchmark by a half-point at both its September and November meetings.

US government debt surged Monday, pushing two-year yields —which are sensitive to monetary policy—below that of the 10-year note for the first time in two years.


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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 11:46:19 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21957146

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 44 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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