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U.S. Treasury yields fall as ISM data shows cooling inflationary pressures - TL;DR CNBC

U.S. Treasury yields fall as ISM data shows cooling inflationary pressures

Publishing timestamp: 2024-03-05 12:51:51


Summary

U.S. Treasury yields fell on easing inflation concerns, ISM services index showed businesses still expanding but at slower pace, investors await ADP and Labor Department job reports for insight into labor market and potential interest rate cuts. Federal Reserve Chairman Powell's testimony will also be closely watched for hints on future rate cuts.


Sentiment: NEUTRAL

Tickers: US10YUS2Y

Keywords: u.s. economybusiness newsbondstreasury billseconomic outlookjerome powellu.s. 2 year treasuryeconomic eventsu.s. treasury bondslabor economytreasury notesu.s. 10 year treasurygovernment debtpriceseconomyinterest rates

Source: https://www.cnbc.com/2024/03/05/us-treasury-yields-investors-fret-over-economic-outlook.html


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