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Powell's Speech Tames 10-Year Yield's Wild Ride

By Athena Xu

4/4, 00:22 EDT
  • The 10-year Treasury yield experienced a significant spike, reaching a peak around the time of the ISM Services data release, before Federal Reserve Chair Jerome Powell's speech contributed to a calming effect, bringing yields back down.
  • The yield's intraday movement reflects market sensitivity to economic indicators and central bank communications, with the initial rise suggesting concerns over inflation or economic overheating, and the subsequent decline indicating reassurance from Powell's speech.