Treasury yields drop after new data shows consumer confidence waning
Publishing timestamp: 2023-08-29 15:27:18
Summary
Treasury yields declined due to weaker-than-expected U.S. consumer confidence data. The Conference Board reported a lower consumer confidence index and increased inflation expectations. Traders also analyzed data on U.S. job openings, which showed a decline. These data sets are important ahead of key reports on inflation and the U.S. jobs report. The Federal Reserve's next monetary policy moves are uncertain, but Fed Chairman Jerome Powell suggested the possibility of further interest rate hikes.
Sentiment: MIXED
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