Treasury yields fall as investors mull over key economic data
Publishing timestamp: 2023-04-28 16:15:40
Summary
U.S. Treasury yields declined as investors analyzed economic data ahead of the Federal Reserve's upcoming policy decision. Despite slower than expected economic growth in the first quarter, the personal consumption expenditure index, a key measure of inflation for the Fed, rose above expectations. The central bank is expected to hike interest rates by 25 basis points at their next meeting, and investors are looking for guidance on how long rates will remain elevated and when rate cuts can be expected. Germany's GDP stagnated in the first quarter, while France reported 0.2% GDP growth.
Sentiment: NEUTRAL
Keywords: u.s. 2 year treasury, government debt, treasury notes, economic events, breaking news: markets, economy, inflation, monetary policy, treasury bills, u.s. treasury bonds, medium term notes, bonds, prices, u.s. 10 year treasury, u.s. economy, economic growth, central banking, business news, federal reserve bank, economic outlook, interest rates,
Source: https://www.cnbc.com/2023/04/28/us-treasury-yields-investors-mull-over-key-gdp-inflation-data.html