Treasury yields climbed Thursday as investors adjusted to the Federal Reserve’s latest policy shift, according to MarketWatch. The 10-year yield rose 3.1 basis points to 4.104%, while the 2-year gained 2.1 basis points to 3.567%, according to Dow Jones Market Data. The move followed Wednesday’s quarter-point rate cut, which disappointed some traders who had hoped for a larger reduction. BlackRock’s Russ Brownback said the Fed’s restrictive policy is harming households, stalling housing, and slowing the labor market, and urged a more dovish stance. MUFG’s George Goncalves described the cut as “hawkish-leaning,” noting Powell’s effort to temper expectations for more aggressive easing. Treasury-focused ETFs saw $186 million in outflows on Wednesday, while fixed-income ETFs overall drew $702 million and high-yield bond ETFs lost $66 million. On Thursday, long-term Treasury yields rose more quickly than short-term rates.
