DXY

The Treasury market restored the full pricing of Federal Reserve tightening by July, which would be the last interest-rate hike in 2023. The latest shift in expectations for Fed policy was accompanied by a slide bonds, with the yields on two- and five-year Treasuries up at least 11 basis points. Selling picked up after the Bank of Canada cited stubborn ...

The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market. Yellen, in a CNBC interview, also said that while banks may struggle with commercial real ...