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Jerome Powell - 2 Powell - 2 Janet Rilling - 2 Davide Barbuscia - 2 Ira Iosebashvili - 2 Sam Holmes - 2 Huw Roberts - 1 Chuck Mikolajczak - 1
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Search resuls for: "Janet Rilling"


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☆ US yield curve inversions deepen on hawkish Fed, strong data
  + stars: | 2023-06-29 | by ( Davide Barbuscia | Thomson Reuters | Davide Barbuscia Covers Macro Investment | ) www.reuters.com   time to read: +4 min
The yield curve's inversions deepened in June after Fed Chair Jerome Powell indicated that the central bank would likely raise rates two more times this year. Stronger-than-expected economic data on Thursday backed expectations that the Fed will keep interest rates higher for longer. Treasury yields- which move inversely to prices - moved up, with 10-year and two-year yields hitting their highest since March 10 and 9, respectively, while some curve inversions intensified. The spread between one- and 30-year Treasury yields was as wide as 153 basis points on Wednesday, its biggest gap since 1981. Key areas of the U.S. economy, including housing and labor, have proven resilient despite higher rates.
Persons: Jerome Powell, Powell, Janet Rilling, Huw Roberts, Davide Barbuscia, Chuck Mikolajczak, Ira Iosebashvili, Sam Holmes, Aurora Ellis, Nick Zieminski Organizations: YORK, U.S, Treasury, Federal, Allspring Global Investments, Quant, Thomson Locations: U.S
☆ US yield curve inversions deepen as Fed signals higher rates
  + stars: | 2023-06-29 | by ( Davide Barbuscia | Thomson Reuters | Davide Barbuscia Covers Macro Investment | ) www.reuters.com   time to read: +2 min
An inverted yield curve occurs when yields on shorter-dated Treasuries rise above those for longer-term ones, reflecting bets that the central bank will need to cut rates to buoy an economy hurt by higher borrowing costs. The yield curve's inversions deepened in June, after Fed Chair Jerome Powell indicated that the central bank would likely raise rates two more times this year. "Keeping rates higher for longer increases the chance that we move into a downturn," said Janet Rilling, a senior portfolio manager and the head of the Plus Fixed Income team at Allspring Global Investments. The curve between five- and 30-year Treasuries , meanwhile, touched a low of -20.7 on Wednesday - the most inverted since March. Key areas of the U.S. economy, including housing and labor, have proven resilient despite higher rates.
Persons: Jerome Powell, Powell, Janet Rilling, Davide Barbuscia, Ira Iosebashvili, Sam Holmes Organizations: YORK, U.S, Treasury, Federal, Allspring Global Investments, Thomson Locations: U.S
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