10-year Treasury yields slide after Powell remarks point to Fed rate cuts
The U.S. 10-year Treasury yield fell Friday as Federal Reserve Chair Jerome Powell signaled to rate cuts ahead at the annual Jackson Hole symposium. The yield on the 10-year Treasury was down about 6 basis points at 3.799%, and the yield on the 2-year Treasury pulled back about 7 basis points to 3.939%. Yields and prices … Read more