From NASDAQ.: 2024-05-22 15:25:21

Treasuries initially rebounded but ultimately fell on Wednesday as investors digested the Fed’s meeting minutes. The benchmark ten-year note yield rose slightly to 4.434 percent. The minutes indicated officials plan to keep rates steady for a longer period due to disappointing inflation data and strong economic indicators. Some participants even discussed increasing rates if inflation concerns arise. Market reaction was surprising, according to Alex McGrath, Chief Investment Officer for NorthEnd Private Wealth. Thursday’s trading may be influenced by reports on jobless claims and new home sales.



Read more at NASDAQ.: Treasuries Move Modestly Lower Following Fed Minutes