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Home » TREASURIES-US yields stumble to multi-month lows on dovish Fed pivot

TREASURIES-US yields stumble to multi-month lows on dovish Fed pivot

    * U.S. retail sales rise 0.3%, jobless claims fall * U.S. 10-year yields fall to lowest since July * U.S. two-year yields drop to weakest level since May * U.S. rate futures price in 140 bps of easing in 2024 (Updates prices; adds new comment, ECB, BOE statements) By Gertrude Chavez-Dreyfuss NEW YORK, Dec 14 (Reuters) – U.S. Treasury yields sagged to multi-month lows on Thursday as bond investors braced for looming rate cuts after the Federal Reserve shifted to a dovish stance amid central bank projections for lower interest rates next year. Fed officials estimated 75 basis points (bps) of rate cuts in 2024, with 2.4% inflation at the end of next year.

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