September 2023 / VIDEO
US Treasury Yields, Up, Up, and Away…?
We expect rate volatility to persist as the Fed pursues a 2% inflation target and restricts monetary policy for longer than expected
A sharp rise in US Treasury yields—pressured by a resilient US economy and supply and demand imbalances in the US Treasury market—has caught many investors by surprise. We believe that rate volatility is likely to persist as the US Federal Reserve pursues a 2% inflation target and restricts monetary policy for longer than expected.
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September 2023 / VIDEO
Christina Noonan is an associate portfolio manager in the Multi-Asset Division. She is a member of the Investment Advisory Committee of the Global Allocation Fund. Christina is a vice president of T. Rowe Price Associates, Inc.