Treasury yields move lower after Fed kicks off hiking cycle
CNBC • • business
Key Points:
- Treasury yields fell slightly on Thursday following the Federal Reserve’s first interest rate hike in three years, with the 10-year yield down 2 basis points to 4.986%.
- The Fed raised its benchmark rate by 25 basis points to a 3.75%-4% target range, citing persistent inflation as a key concern.
- Fed officials signaled the likelihood of further rate increases this year, with most participants expecting at least one more hike.
- President Donald Trump criticized the Fed’s rate policy, advocating for significantly lower interest rates and accusing the Fed board of political bias.
- Market experts suggest the major bond market adjustments have passed, presenting investors an opportunity to lock in higher yields, with any additional rate hikes expected no earlier than December.
