Treasury yields ended at their highest levels in a dozen years or more on Thursday as investors continued to absorb the Federal Reserve’s message of higher-for-longer interest rates.
What happened
What drove markets
Treasury yields continued to climb on Thursday as investors absorbed the Federal Reserve’s projections from Wednesday, which suggested that another interest-rate increase is on the way by year-end and that borrowing costs are likely to be cut in 2024 by less than previously thought.‘The world has…
