Treasury yields are combined to begin the week

Treasury yields are combined to begin the week

November 8, 2022: On Monday, Treasury yields were mixed as investors plan for a week filled with Federal Reserve speaker remarks and critical economic data releases, including October’s consumer inflation report.

The policy-sensitive 2-year Treasury was the last trading at around 4.69%, surging by nearly four basis points. It had notched a fresh 15-year high on Friday, increasing as high as 4.883%.

Investors are being scanned Fed speaker remarks and fresh economic data releases for signals about the inflation easing and the broader state of the U.S. economy.

Cleveland Fed president Loretta Mester and Boston Fed president Susan Collins are because of the give remarks on Monday, which could clarify future Fed policy and a potential slowdown of rate hikes.

Many investors stand concerned that the pace of the Fed’s interest rate hikes is leading the U.S. economy into a recession. In the previous week, the central bank increased interest rates by 75 basis points in its continued efforts to fight high inflation.

Markets will have insights into whether the Fed’s efforts are working on Thursday when the current consumer inflation report is released.

They will be paying close attention to Tuesday’s Congressional midterm elections.

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