The yield on the 10-year benchmark ended at 6.4885%, after closing at 6.5139% on Thursday. The yield rose marginally on the week, after climbing 2 basis points last week. Yields move inversely to prices. The Federal Reserve reduced interest rates by 25 bps and indicated 50 bps of more cuts in 2025. However, Chair Jerome Powell said the Fed will be in a "meeting-by-meeting situation" regarding the rate cut outlook, and framed the move as a risk-management cut. This indicates that the rate cut cycle may not ...

Welcome back to Market on Close. I'm Sam Bartis alongside Marley Caden in Chicago. The Fed is front and center this week ahead of its announcement tomorrow where a 25 basis point cut is expected.But traders, investors will be listening very closely to commentary from Fed Chair Jerome Pal and if he hints that more cuts are on the way. Marley Kaden in Chicago has more. Thanks so much Sam.I'd like to welcome in Zed Francis, the co-founder and CIO of Convexatas joining us in studio today. Zed, always a pleasure ...