Breakdown of yield’s uptrend occurs 1-year after rate hikes started, just like in 1994 Last Updated: March 25, 2023 at 12:08 p.m. ET First Published: March 24, 2023 at 3:12 p.m. ET Share ...

They see little need for further interest rate hikes after the 10-year Treasury yield surged. The market currently expects the Fed to pause at its two remaining FOMC meetings of the year.

Whether you realize it or not, it's a big day for Wall Street and investors. At 8:30 a.m. ET, the U.S. Bureau of Labor Statistics (BLS) will release the July 2023 inflation report.