2-year Treasury yield surpasses 5% after employment cost data comes in hotter than expected
Publishing timestamp: 2024-04-30 12:14:51
Summary
U.S. Treasury yields rose after labor costs data came in higher than expected, with investors awaiting news from the Federal Reserve meeting. The employment cost index for the first quarter exceeded consensus estimates, indicating no near-term rate cuts. Markets are looking for guidance on interest rates amid questions about when and by how much monetary policy can be eased.
Sentiment: NEUTRAL
Tickers: US10Y,
Keywords: u.s. 10 year treasury, economic events, u.s. treasury bonds, economic outlook, labor economy, u.s. economy, business news, bonds, prices, medium term notes, government debt, economy, treasury bills, treasury notes,
Source: https://www.cnbc.com/2024/04/30/treasury-yields-rise-ahead-of-fed-meeting.html