2-Year Treasury auction provides first test for hawkish Fed rate stance

U.S. Treasury bond yields were steady in overnight trading ahead of a key government bond auction later in the session that could provide the first major test to Federal Reserve Chairman Jerome Powell's newly hawkish rate stance. The Treasury will sell $42 billion in new 2-year notes later this…#ustreasury #federalreserve #jeromepowell #treasury #fedchairpowell #jacksonhole #cftc #fitchratings #actionalertsplus

Source: Reuters: Health - August 28, 2023 Category: Consumer Health News Source Type: news