2-year Treasury yield rises as investors assess interest rate and economic outlook
Publishing timestamp: 2023-07-03 13:09:55
Summary
The 2-year Treasury yield increased as investors considered the outlook for the US economy and the Federal Reserve's next monetary policy moves. The yield on the 10-year Treasury also rose. The ISM's manufacturing purchasing managers' index for June was slightly worse than expected, indicating a decline in economic activity. Several key labor market reports and minutes from the Fed's last meeting are due throughout the week. The article also mentions Fed Chair Jerome Powell's comments on inflation and interest rate hikes. The latest personal consumption expenditure price index showed that inflationary pressures may be easing. The Fed is expected to hike interest rates at its next meeting later this month.
Sentiment: NEUTRAL
Keywords: inflation, treasury bills, u.s. 10 year treasury, economic events, u.s. economy, central banking, breaking news: markets, government debt, federal reserve bank, economic outlook, u.s. treasury bonds, medium term notes, business news, prices, u.s. 2 year treasury, interest rates, markets, jerome powell, bonds, treasury notes,