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Treasury yields rise as investors look ahead to Powell testimony and jobs data - TL;DR CNBC

Treasury yields rise as investors look ahead to Powell testimony and jobs data

Publishing timestamp: 2024-03-04 10:59:06


Summary

U.S. Treasury yields rose as investors considered the state of the economy and awaited key economic data. Investors are looking for hints about the economy and Federal Reserve interest rates, with some hoping for rate cuts. Fresh insights will come this week from labor market data and testimony from Fed Chairman Jerome Powell. Recent data has painted a mixed picture of the economy, with concerns about inflationary pressures.


Sentiment: MIXED

Tickers: US10YUS2Y

Keywords: economic eventsbondsmarketsu.s. 10 year treasuryu.s. economytreasury notesbreaking news: marketsmonetary policyjerome powelltreasury billsu.s. treasury bondsinterest ratesbusiness newspriceseconomyu.s. 2 year treasurygovernment debt

Source: https://www.cnbc.com/2024/03/04/us-treasurys-look-to-powell-testimony-jobs-data-in-week-ahead.html


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