Fed Better Think Twice About Rate Cuts! 10-year Treasury Yield Surges To 4.10% After Strong Dec Retail Sales (Consumers Win, Fed/Treasury Lose)
by confoundedinterest17 The Fed had better think twice about expected rate cuts. The market just isn’t feeling it. Treasury yields rose Wednesday, with the 10-year yield touching almost 4.10% as investors focused on stronger-than-expected December retail sales and the latest remarks from Federal Reserve members. The yield on the 10-year Treasury note was recently up 4 basis points at …