[ad_1]
Direct: US Treasury yields have fallen to their lowest level since 2016 after economic data and the Federal Reserve decision.
For the first time since the global financial crisis, the US Federal Reserve lowered interest rates by 25 basis points, placing it between 2% and 2.25%.
The Fed attributed its decision to external downside risks to the US economy as well as slowing inflation, and announced the end of this month's budget cuts two months earlier.
The negative economic data today has been to put more pressure on US bond yields in hopes of a second rate cut.
Industrial activity in the United States fell to its lowest level in three years and construction spending in the United States declined in June against expectations.
Unemployment claims in the United States increased more than expected last week.
At 18:24 GMT, 10-year US Treasury yields fell to 1.89%, after reaching 1.877%, their lowest level since October 2016.
Over the same period, the 30-year public debt yield fell to 2.441% and the two-year US yield yield to 1.726%.
[ad_2]
Source link
