Fears a Russian invasion of Ukraine may be imminent lifts demand for Treasurys, pulling down yields.
Fears that a Russian invasion of Ukraine may be imminent continued to lift demand for Treasurys and other assets perceived as safe on Monday, pulling down yields that had previously soared in reaction to persistently hot inflation readings.
Read: What a Russian invasion of Ukraine would mean for markets as Biden warns Putin of ‘severe costs’ St. Louis Federal Reserve Bank President James Bullard on Thursday added fuel to the Treasury selloff, saying that he favored raising rates by 100 basis points, or 1 percentage point, by July 1, including the possibility of a half-point, or 50 basis point, rise in March. Bullard, a 2022 voting member of the Fed’s rate-setting Federal Open Market Committee, was due to be interviewed on CNBC Thursday morning.
“If we get to March and the data says we should be talking about that [a half-point rate increase], I’m sure that will be in play, but I’m not sure that is the answer, per se, to how we get there,” George said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury yields edge lower on Russia-Ukraine fearsU.S. Treasury yields fell slightly on Monday with investors opting for safe-haven assets amid the escalated geopolitical tensions between Russia and Ukraine.
Read more »
Calls grow for foreigners to leave Ukraine amid Russia invasion fearsFearing an invasion of Ukraine by Russia, nearly two dozen countries urge their citizens there to leave while cutting back their diplomatic staff
Read more »
Nasdaq futures are slightly lower as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikesStock futures were dipped slightly Sunday as investors continued to monitor tense developments between Ukraine and Russia as well as potential Fed rate hikes.
Read more »
Biden, Putin plan high-stakes call on Saturday amid Ukraine-Russia tensionsRussian President Vladimir Putin and President Joe Biden are holding a call on Saturday as tensions over a possible Russian invasion of Ukraine escalated.
Read more »
Pentagon orders departure of U.S. troops in Ukraine as Russia crisis escalatesOn Friday, President Joe Biden's national security advisor, Jake Sullivan, urged any Americans still in Ukraine to leave immediately.
Read more »
Biden's national security adviser says Russia could invade Ukraine 'any day now'National security adviser Jake Sullivan issued a stark warning on Sunday that the United States believes Russia could launch an invasion of Ukraine this week, but is still holding out hope diplomacy can prevail.
Read more »