Treasury yields pull back Tuesday, a day after the rate on the 2-year note ended at a 19-month high, ahead of the start of a pivotal, two-day Federal Reserve...
Treasury yields pulled back Tuesday, a day after the rate on the 2-year note ended at a 19-month high, ahead of the start of a pivotal, two-day Federal Reserve meeting that’s expected to see policy makers unveil their plan to wind down monthly asset purchases.
A key question is whether Powell will push back against a shift in market expectations that has seen traders price in the potential for multiple rate increases in 2022. Powell, in the past, has emphasized that the end of Fed asset purchases wouldn’t necessarily lead to the immediate start of a series of rate increases.
The curve flattening is also seen underlining concerns that a more aggressive tightening of monetary policy could cause a significant economic downturn.
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