10-year Treasury yield is little changed as investors await latest inflation data
Publishing timestamp: 2024-03-11 13:45:17
Summary
The U.S. 10-year Treasury yield remained flat as investors awaited key inflation data to gain insights into the state of the economy. Fresh inflation data is expected this week, with economists anticipating a rise in both the consumer price index and producer price index. The recent jobs data for February showed an increase in nonfarm payrolls, leading investors to believe that interest rate cuts from the Federal Reserve may be on the table for this year. However, the timing and number of cuts remain uncertain. Fed Chairman Jerome Powell indicated that rate cuts may be appropriate soon, but more evidence is needed to confirm the state of the economy and inflation.
Sentiment: NEUTRAL
Keywords: breaking news: markets, inflation, u.s. 2 year treasury, prices, treasury bills, economic outlook, united states, u.s. treasury bonds, bonds, markets, treasury notes, monetary policy, labor economy, business news, economy, u.s. 10 year treasury, government debt, u.s. economy, interest rates, economic events,
Source: https://www.cnbc.com/2024/03/11/us-treasury-yields-investors-consider-state-of-the-economy.html