February 16
In the U.S., the yield on the 2-year Treasury rose nine basis points (“bps”) over the month to 4.24%. The yield on the benchmark 10-year Treasury rose 40 bps to 4.57%m and the 30-year Treasury yield rose 42 bps to 4.78%. The rise in yields were driven by the revised Federal Reserve projections for 2025 and speculation on broad policy changes (tariffs, immigration and deficit financing) from the new administration.
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Jeffrey Cleveland, Chief Economist on inflation prospects - Hope is not a strategy. Click below for more.
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