The US 10-year Treasury bond yield increased for the second session in a row above 4%, and further increases are expected in the following weeks.
Following statements made by Fed officials indicating that there will be no early rate reductions this year, the gains occurred.
US Percentages
US 10-year Treasury rates increased 2.9% on Tuesday, marking the greatest gain in 2024 and the most since November, and then jumped 0.4% today to 4.079%, with a session low of 4.037%.
Fed Statements
According to Christopher Waller, a member of the Federal Reserve, the US is getting close to hitting its medium-term inflation objective of 2%, but the Fed still can't drop rates too soon.
In order to confirm that inflation has decreased sustainably, he claimed that additional data will be required in the following months.
US Exchange Rates
The probability of a 0.25% interest rate cut at the March meeting dropped to 65% after the optimistic statements.
Investors are currently awaiting key US retail sales and industrial production statistics to get hints about the policies' anticipated future course.
