Yields and prices move in opposite directions. One basis point equals 0.01%.continued, with investors considering whether it may affect markets and the global economy. Investors poured into government bonds, which are traditionally seen as safer investments, driving Treasury yields lower.
Palestinian militant group Hamas launched an attack against Israel on Saturday. Over 1,500 deaths have been recorded so far, with thousands more injured, according to the latest figures.as it continued airstrikes on the Hamas-governed Gaza Strip.Fed Vice Chair Philip Jefferson said the central bank needs to be careful with how it proceeds following the recent, while Dallas Fed President Lorie Logan suggested surging yields may mean there is less of a need for further rate hikes.
The Fed began hiking interest rates in March 2022, with the goal of easing inflation and cooling the economy, often prompting concerns that the speed of rate hikes and level of rates would lead to a recession.
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