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Nvidia Brings the Thunder, Markets Washed Out | Mooers Herd on the Street
Monring mooers! Ominous thunderstorms roared into Jersey City Thursday May 23rd, while the market hit fresh highs after
Treasury Yields Hold Steady After U.S. Weekly Jobless Claims Come in Below Expectations
Treasury yields were little changed Thursday morning after weekly initial jobless-benefit claims remained rangebound last week.
Treasury Yields Inch Higher as Traders Absorb Fed Minutes, Await Economic Updates
Bond yields rose slightly early Thursday as investors eyed looming weekly jobless claims data and services and manufacturing surveys for fresh clues on the health of the U.S. economy.
The minutes of the Federal Reserve meeting were “hawked” and the US debt fell slightly
The minutes of the US Federal Reserve's May meeting released on Wednesday showed that many policymakers questioned whether the policy was strict enough to reduce inflation to the target level. Affected by this, US debt fell, with short-term US debt leading the decline.
Short-Dated U.S. Bonds Look Reasonably Priced After Drop in Rate-Cut Expectations -- Market Talk
Now that markets are pricing in a "much more reasonable" one or one and a half interest-rate cuts by the Federal Reserve in 2024, short-dated U.S. bonds look much more fairly valued than previously, says Jeffrey Cleveland, director and chief economist at Payden & Rygel in a note.
Bond traders cut bets on the Fed's interest rate cut, and US debt bears are back on the rise
Traders remain cautious and wait for more data to confirm that inflation is moving in the right direction, while waiting for the Federal Open Market Committee (FOMC) minutes of the May meeting to be released on Wednesday to provide new clues about the Federal Reserve's policy path.