U.S. Treasury yields ease on weak economic data as investors await key inflation report
Publishing timestamp: 2024-02-27 12:16:16
Summary
U.S. Treasury yields slipped after drop in durable goods orders and decline in consumer confidence, investors await key inflation report later in the week. Market is considering state of economy amid higher interest rates and persistent inflation. Fed officials looking for evidence that inflation is moving toward 2% target. Market expectations for first rate cut have shifted from March to June.
Sentiment: NEUTRAL
Keywords: economic outlook, u.s. economy, economy, prices, treasury notes, government debt, business news, u.s. 10 year treasury, bonds, breaking news: economy, u.s. 2 year treasury, u.s. treasury bonds, markets, economic events, treasury bills, interest rates, world economy, breaking news: markets,
Source: https://www.cnbc.com/2024/02/27/us-treasury-yields-investors-assess-the-state-of-the-economy.html