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
Keywords: u.s. economy, business news, bonds, treasury bills, economic outlook, jerome powell, u.s. 2 year treasury, economic events, u.s. treasury bonds, labor economy, treasury notes, u.s. 10 year treasury, government debt, prices, economy, interest rates,
Source: https://www.cnbc.com/2024/03/05/us-treasury-yields-investors-fret-over-economic-outlook.html