Treasury yields retreat ahead of big week for economic data
Publishing timestamp: 2024-01-22 12:02:24
Summary
The article discusses the pullback in U.S. Treasury yields as a new week of economic data begins. The yields on the benchmark 10-year Treasury note and 2-year Treasury bond have decreased. The article mentions that the market is trying to determine when the Federal Reserve will begin cutting interest rates, which will impact the economy and markets. Two important economic data points are expected this week, including the fourth-quarter GDP growth figure and the PCE price index for December. Economists predict slower growth for the economy and a modest increase in core PCE prices. Chicago Fed President Austan Goolsbee suggests that investors should pay attention to this data when considering the Fed's rate path.
Sentiment: NEUTRAL
Tickers: AGG, BND, US30Y, US2Y, US5Y, US10Y,
Keywords: central banking, business news, bonds, bitcoin, prices, markets, u.s. 5 year treasury, steven mnuchin, government debt, u.s. 10 year treasury, world markets, vanguard total bond market index fund etf shares, u.s. 2 year treasury, ishares core u.s. aggregate bond etf, u.s. 30 year treasury, breaking news: markets, medium term notes, economic events, austan goolsbee,
Source: https://www.cnbc.com/2024/01/22/treasury-yields-retreat-ahead-of-big-week-for-economic-data.html