US Stocks Dip and 2-Year Yields Fall
US stocks dipped and two-year yields fell after Federal Reserve Bank of New York President John Williams cooled expectations for a rate hike. Investors remain anxious ahead of key inflation data and the upcoming jobs report.
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Two-year United States bond yields fell 3.51 basis points to 4.889% on Tuesday afternoon as Federal Reserve rate-hike bets cooled. The shift followed comments from New York Fed President John Williams easing near-term tightening worries. Major stock indexes eased as longer-dated yields hovered near multi-decade highs.
