Treasury yields are flat as traders weigh Fed minutes

Treasury yields are flat as traders weigh Fed minutes

May 26, 2022 by CNBC

Key Facts

  • The yield on the 30-year Treasury bond moved 2 basis points higher to 2.987%.
  • Yields move inversely to prices, and 1 basis point is equal to 0.01%. TREASURYS The Fed released the minutes from its May meeting on Wednesday afternoon, which indicated that the central bank was prepared to go ahead with multiple 50-basis-point interest rate increases, potentially going further than the market expected.
  • Yogi Dewan, CEO and founder at Hassium Asset Management, told CNBC’s “Squawk Box Europe” on Thursday that the Fed minutes were “much less hawkish than the market was expecting and we’ve always seen Fed rate hike expectations as overstated.”
  • STOCK PICKS AND INVESTING TRENDS FROM CNBC PRO: Treasury yields on Wednesday saw little movement following the release of the minutes, while U.S. stocks moved higher.

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