Following the hawkish remarks from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, the 10-year US Treasury Bond Yield surged to its highest level since July of 2011 at 3.184%. Speaking at The Atlantic Festival, Powell said that rates were still accommodative and far from neutral, and added they could continue to raise rates even after they reach the neutral rate. Commenting on yields’ performance, “The U.S. 10-year traded as high as 3.18 percent on Wednesday, the highest in seven years, spurred by the surging U.S. economy and a determined Fed. Treasury rates are entering the range of consequence, where higher interest costs will begin to have an economic impact,” FXStreet Senior Analyst Joseph Trevisani said. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: GBP/USD bears break below 1.2957 key support level opening the gates to more losses FX Street 4 years Following the hawkish remarks from Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, the 10-year US Treasury Bond Yield surged to its highest level since July of 2011 at 3.184%. Speaking at The Atlantic Festival, Powell said that rates were still accommodative and far from neutral, and added they could continue to raise rates even after they reach the neutral rate. Commenting on yields' performance, "The U.S. 10-year traded as high as 3.18 percent on Wednesday, the highest in seven years, spurred by the surging U.S. economy and a determined Fed. Treasury rates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
