Bond Report: Two-year Treasury yield dips under 5%

by | Sep 7, 2023 | Stock Market

The 2-year Treasury note yield dipped back below 5% on Thursday, providing some modest relief after worries that the Federal Reserve might soon have to resume raising interest rates.What’s happeningWhat’s driving markets U.S. yields rose Wednesday, particularly at the short-end of the curve, after an unusually strong reading of the August ISM services index, ahead of next week’s August consumer price index report. The…

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