Published Date Nov 29, 2022

CNBC: 10-year Treasury yield rises as investors assess impact of China’s Covid policy
China on Tuesday said it was making progress with vaccinating its elderly against Covid and reported that cases had declined for the first time in over a week on Monday.

Traders also digested comments from Fed speakers about future interest rate policy, as concerns about a looming recession continue.

Speaking at a virtual event hosted by the Economic Club of New York on Monday, New York Fed president John Williams said the central bank had to continue hiking rates for now. Rate cuts could be an option for 2024, he added.

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By Brenna Moses

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