Duration & Credit Pulse: November 23, 2025

Photorealistic lobby of the Federal Reserve Board of Governors with marble columns, symmetrical architecture, and warm lighting in an institutional financial setting.

Fed December Rate Cut Odds Rise on Williams Comments: Treasury Yields Fall 8-11 bps | November 23, 2025 Duration & Credit Pulse Week Ending November 23, 2025 Executive Summary Bottom Line: Treasury markets moved lower late week as NY Fed President Williams’ November 21 comments favoring additional near-term policy adjustment contrasted with earlier hawkish guidance […]