Treasury yields stumble as investors look to key data for hints about the U.S. economy
Publishing timestamp: 2023-04-25 16:20:19
Summary
U.S. Treasury yields fell as investors await economic data that could provide hints about the Federal Reserve's next policy moves. The 10-year Treasury yield was down by almost 12 basis points, while the 2-year Treasury yield was down by almost 20 basis points. Investors are closely following economic data releases, including the personal consumption expenditure price index, which is one of the Fed's preferred inflation measures. The central bank's next rate-setting meeting is on May 2-3, and a 25 basis point rate hike is widely anticipated. Investors also considered earnings reports from banks affected by last month's sector fallout.
Sentiment: NEUTRAL
Keywords: federal reserve bank, economy, treasury notes, u.s. 10 year treasury, economic events, economic outlook, medium term notes, breaking news: markets, prices, inflation, u.s. 2 year treasury, bonds, treasury bills, u.s. economy, united states, central banking, government debt, business news, interest rates, u.s. treasury bonds,
Source: https://www.cnbc.com/2023/04/25/us-treasury-yields-investors-look-to-key-economic-data.html