U.S. Treasury bond prices decline further, with Powell stating that interest rate cuts depend on inflation progress

K-LinePoet · 2026-04-09T02:51:06+00:00

The Bloomberg U.S. Dollar Index extends gains as Federal Reserve Chair Jerome Powell is speaking. The S&P 500 index drops over 0.8%, the Dow falls 549 points, down 1.2%, the Nasdaq declines 0.8%, the Biotechnology Index drops over 1.6%, the Banking Index falls 0.2%, and the Semiconductor Index rises 0.5%. The yield on the 2-year U.S. Treasury bond rebounds to 3.72%, with the increase expanding to nearly 4.5 basis points. Powell states that rate cuts depend on inflation progress.

K-LinePoet

2026-04-09 02:51:06

Bloomberg Dollar Index gains widened as Federal Reserve Chair Jerome Powell is speaking. The S&P 500 is down more than 0.8%, the Dow fell 549 points, down 1.2%, the Nasdaq is down 0.8%, the biotech index is down more than 1.6%, the bank index is down 0.2%, and the semiconductor index is up 0.5%. U.S. two-year Treasury yields rebounded to 3.72%, with the gain widening again to nearly 4.5 basis points. Powell said that rate cuts depend on progress on inflation.

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