The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
View all Reports
Rates & Bonds 3 MIN READ

US yields lower after Fed minutes

January 4, 2023By Reuters
Related Articles
Philippines lifts suspension of Canadian beef imports January 29, 2022 BRIEF-Jackstones Says Jackstones Properties Entered Into Land Management Deal With Bluebell Properties & Holding Corp January 28, 2022 Oil dips on profit taking, markets debate supply tightness March 29, 2023

NEW YORK, Jan 4 (Reuters) – The benchmark US 10-year Treasury yield fell on Wednesday, putting it on track for its longest streak of declines in more than five months after the release of the minutes from the most recent meeting of the Federal Reserve.

At the Fed’s December policy meeting which resulted in a rate hike of 50 basis points (bps) after four straight hikes of 75 bps, all officials agreed with the slower pace, but were concerned with any “misperception” in financial markets that their commitment to fight stubbornly high inflation was in any way starting to ebb.

“The market thinks the Fed is going to blink and the Fed is going out of their way to say we are bringing inflation down to 2% and there is going to be some pain,” said Christopher Lanouette, managing director and fixed income manager of taxable and tax-exempt bond portfolios at CIBC Private Wealth US in Boston.

“It seems like the market still hasn’t come to terms with that,” he added.

Earlier, economic data showed the labor market remained tight in November, which bolsters the case for the Fed to continue to hike interest rates more than is currently expected, although a separate report showed manufacturing contracted in December for a second straight month.

However, the same report showed a measure of prices paid by manufacturers tumbled to its lowest level since February 2016, excluding the drop during the early stages of the COVID-19 pandemic.

The yield on 10-year Treasury notes was down 9.2 basis points to 3.700%, on track for its biggest one-day drop since Dec. 13. The yield was poised to fall for a fourth straight session, it’s longest streak of declines since a five-session run that began on July 26.

Yields briefly moved higher after Minneapolis Fed President Neel Kashkari said the Fed should continue to raise rates at its next few meetings until it is confident that inflation has peaked, and laid out his own view that the policy rate should first pause at 5.4%, which is more aggressive than the majority of policymakers.

The yield on the 30-year Treasury bond was down 7.7 basis points to 3.814%.

Investors will get a look at several pieces of data on the labor market this week, culminating in the employment report on Friday. A weakening labor market is seen as one of the key pieces needed to convince the Fed to begin slowing its monetary tightening path.

A closely watched part of the US Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at a negative 67.4 basis points. Such an inversion is seen by many as a signal of an impending recession.

The two-year US Treasury yield, which typically moves in step with interest rate expectations, was down 3.3 basis points at 4.372%.

The breakeven rate on five-year US Treasury Inflation-Protected Securities (TIPS) was last at 2.258%, after closing at 2.306% on Tuesday.

The 10-year TIPS breakeven rate was last at 2.226%, indicating the market sees inflation averaging 2.2% a year for the next decade.

(Reporting by Chuck Mikolajczak; Editing by Paul Simao and Elaine Hardcastle)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up