3 January 2024
US Treasury yield briefly went above the psychological 4.0% level before closing down slightly to 3.937%. The movement in the US Treasury yield is believed to represent investors' expectations regarding the projected cut in US interest rates this year; which in turn provided negative sentiment to Tech stocks that prefer a low interest rate environment.
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2 January 2024
US bonds ended the year in the same position as the previous year (below 4%) after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last two months of the year as benchmark bond yields fell on expectations of central bank rate cuts in 2024.
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29 December 2023
The 10-year US Treasury yield reached 3.844%, slightly up after hitting a 5-month low. Meanwhile, the 2-year yield rose back to 4.275%, after reaching 5.295% in October.
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28 December 2023
Sentiment of a rate cut expectation by the Federal Reserve as soon as March 2024 is still dominating the market, especially after the release of the US Personal Consumption Expenditures (PCE) price index data which is slipping, further supporting interest rate sensitive stocks and giving Wall Street an upward push.
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21 December 2023
Treasury yields fell as U.S. economic data beat expectations and UK inflation slowed at a rate that took markets by surprise. US 10-year Treasury yields fell to an almost five-month month low as government bond yields fell globally after the British inflation data.
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