U.S. 10-Year Yield Rises to 4.469% as Markets Await Warsh's Fed Signals
Updated
Updated · CNBC · Jul 1
U.S. 10-Year Yield Rises to 4.469% as Markets Await Warsh's Fed Signals
3 articles · Updated · CNBC · Jul 1
Summary
The benchmark 10-year Treasury yield climbed 4 basis points to 4.469% early Wednesday, with the 2-year at 4.172% and the 30-year at 4.963%.
Kevin Warsh, newly installed as Fed chair, is due to speak at the ECB's Sintra forum and later join a panel with the heads of the ECB, Bank of England and Bank of Canada.
Rate expectations remain tilted toward caution: CME FedWatch shows a 66.3% chance the Fed holds steady in July, but a 66.9% chance of at least a quarter-point hike in September.
Investors are also waiting for fresh U.S. data, with ISM manufacturing figures due at 10 a.m. ET and ADP employment numbers later in the morning.