U.S. Treasury yields rise as investors await the Walsh hearing
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This potential new Federal Reserve Chair is scheduled to begin the hearing with senators at 10:00 a.m. ET. The market is closely watching this in order to gauge their willingness to cut rates. Tehran has released ambiguous signals regarding a new round of negotiations. Crude oil futures edged down slightly, and the US dollar strengthened. US retail sales in March increased by 1.7%, exceeding expectations. The 10-year Treasury yield stands at 4.268%, higher than yesterday's 4.249%. The 2-year Treasury yield rose from 3.716% to 3.753%.
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