Daily Market Updates: 2-year Treasury yield jumps after Warsh signals Fed still has work

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2-year Treasury yield jumps after Warsh signals Fed still has work

Reported · Written up by our desk · Government Bonds

Investors pushed up the US 2-year Treasury yield after Federal Reserve Chair Kevin Warsh delivered a hawkish message during his keynote address at Jackson Hole, CNBC Markets reported.

According to CNBC Markets, traders interpreted Warsh's remarks to mean the Fed may still need to do more to achieve its goals, driving the move in the front end of the yield curve.

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Sources

CNBC Markets2-year Treasury yield jumps as Warsh says Fed may 'have work to do'

CNBC World2-year Treasury yield jumps as Warsh says Fed may 'have work to do'

Bonds & Rates

2-year Treasury yield jumps after Warsh signals Fed still has work

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