April 14, 2024
Two- and 10-year Treasury yields drop by most in a week after Fed minutes, March inflation report

Two- and 10-year Treasury yields drop by most in a week after Fed minutes, March inflation report

Treasury yields finished mostly lower on Wednesday, after minutes of the Federal Reserve’s last meeting discussed the possibility of a mild recession later this year and data showed U.S. consumer prices rose more slowly in March.

What happened
What drove markets

Minutes of the Federal Reserve’s March policy meeting showed that policy makers were keenly worried about the impact of banking-sector stress on the economy, and that Fed staff projected a mild recession starting later this year. Mary Daly, head of…

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