{"id":51564,"date":"2022-06-15T09:34:05","date_gmt":"2022-06-15T09:34:05","guid":{"rendered":"https:\/\/harchi90.com\/us-treasury-yields-pull-back-ahead-of-key-fed-meeting\/"},"modified":"2022-06-15T09:34:05","modified_gmt":"2022-06-15T09:34:05","slug":"us-treasury-yields-pull-back-ahead-of-key-fed-meeting","status":"publish","type":"post","link":"https:\/\/harchi90.com\/us-treasury-yields-pull-back-ahead-of-key-fed-meeting\/","title":{"rendered":"US Treasury yields pull back ahead of key Fed meeting"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"group\">\n<p>US Treasury yields pulled back slightly on Wednesday morning ahead of the Federal Reserve&#8217;s key monetary policy announcement.<\/p>\n<p>The yield on the benchmark 10-year Treasury note slid to just below 3.41%, having notched an 11-year high of 3.48% on Tuesday, while the yield on the 30-year Treasury bond dropped to 3.3840%.  Yields move inversely to prices.<\/p>\n<\/div>\n<div class=\"group\">\n<p>The Federal Open Market Committee will conclude its two-day meeting on Wednesday, and is expected to take aggressive action on interest rates in a bid to rein in inflation.  The US consumer price index rose by an annual 8.6% in May, its highest year-on-year increase since 1981.<\/p>\n<p>Traders had initially been looking for a 50-basis-point interest rate hike, but in light of the red hot inflation print, the market is now pricing a more than 95% chance of a 75-basis-point increase, the biggest since 1994 , according to the CME Group&#8217;s FedWatch tool.  (1 basis point equals 0.01%)<\/p>\n<p>The Federal Open Market Committee in May raised the target range for the federal funds rate to 0.75% to 1%, from 0.25% to 0.5%.<\/p>\n<p>On the data front, May&#8217;s retail sales figures are due at 8:30 am ET.<\/p>\n<p>An auction will be held Wednesday for $ 30 billion of 119-day Treasury bills.<\/p>\n<p>Over in Europe, the European Central Bank will hold an unscheduled monetary policy meeting on Wednesday, with bond yields surging for many governments across the euro zone.<\/p>\n<\/div>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury yields pulled back slightly on Wednesday morning ahead of the Federal Reserve&#8217;s key monetary policy announcement. The yield on the benchmark 10-year Treasury note slid to just below 3.41%, having notched an 11-year high of 3.48% on Tuesday, while the yield on the 30-year Treasury bond dropped to 3.3840%. Yields move inversely to &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/us-treasury-yields-pull-back-ahead-of-key-fed-meeting\/\"> <span class=\"screen-reader-text\">US Treasury yields pull back ahead of key Fed meeting<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[11521,1584,915,229,118,916,4818,2860,9950,6411,18328,2928,6412,112,1240,1061,18331,2861,18330,521,917,919,918,18329,3136,7833,787],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107074871-16551342952022-06-13t152504z_184168130_rc22ru9httb5_rtrmadp_0_usa-stocks.jpeg?v=1655134361&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/51564"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=51564"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/51564\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=51564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=51564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=51564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}