U.S. Treasury yields hold steady at highs; market awaits CPI and Warsh this week: bets point to waiting until December to continue raising rates.
Zhito Finance APP has learned that after the Federal Reserve unanimously approved a rate hike last month, U.S. Treasury yields had surged sharply; last week, they were basically unchanged, hovering near 24-year highs. In the new week, investors are now waiting for two things: new data, and hints from Federal Reserve Chairman Kevin Warsh about how quickly the Fed will continue raising rates.
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