Benchmark 10-Year Yield Plummets as Fed Cuts Rates
August 02, 2019 at 07:00 AM EDT
The Federal Reserve cut rates by 25 basis points on Wednesday, causing benchmark Treasury yields like the 10-year Treasury note to plummet to settle at 2.013 percent once the capital markets digested the news. “There were two components to success: One was to get the dollar weaker and the other was...