Market Week: May 29, 2023
10-year Treasury yields have climbed by roughly 38bps to 3.80% in May, their highest level since SVB collapsed, reflecting the market’s improved optimism for economic growth and shifting expectations for monetary policy.
10-year Treasury yields have climbed by roughly 38bps to 3.80% in May, their highest level since SVB collapsed, reflecting the market’s improved optimism for economic growth and shifting expectations for monetary policy.
Following the Federal Reserve’s (Fed’s) decision to raise the federal funds rate to a range of 5.00%-5.25%, investors scoured April’s CPI report and the 1Q Senior Loan Officer Survey in an attempt to get a sense of the Fed’s next steps.