U.S Treasury yields climbed on Tuesday as investors assessed what could be on the horizon for the U.S. economy and Federal reserve policy decisions.
, which he will present to two congressional panels on Tuesday and Wednesday. In the comments, Barr referred to Silicon Valley Bank's failure as a"textbook case of mismanagement" and noted that the Fed would investigate its processes around risk testing and assessment.hike interest rates by 25 basis points
last week and hinted that rate increases could be paused soon. However, the central bank's battle against inflation is not yet over, its Chairman Jerome Powell said. Hiking interest rates has been one of the key policy tools used by the Fed to cool the economy and ease inflationary pressures. Many investors have been concerned about whether the pace of rate hikes and keeping rates higher for longer could drag the U.S. economy into a recession.
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