10-year Treasury yield slip further after Fed’s ‘big shift’

The 10-year Treasury note yield slipped further on Monday, as the final full trading week of 2023 gets underway.

Traders continue to digest the unexpectedly dovish tone of the U.S. Federal Reserve last week. The central bank held its key interest rate steady and revealed that policymakers were penciling in at least three rate cuts next year — marking a more aggressive series of cuts than what was previously hinted. 

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