Treasury yields orbit 5% just as Fed regulators seek clarity as to whether or not to hike interest rates in the final months of 2023. RBC Capital Markets Head of Rates Strategy Blake Gwinn details the Fed’s mindset and why it may seem “very reluctant to continue rising rates.”
“If longer-term rates are moving up and these mortgage costs and other ways it impacts the economy, if those are starting to get tighter and those financial conditions are tightening on their own, we need to do less,” Gwinn explains to Yahoo Finance.
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