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10-year Treasury yields falls after new data, strong bond auction - TL;DR CNBC

10-year Treasury yields falls after new data, strong bond auction

Publishing timestamp: 2024-05-09 15:57:49


Summary

Treasury yields fell after release of U.S. unemployment data and strong bond auction demand. Jobless claims at highest level since August. Investors uncertain about potential interest rate cuts this year. Fed officials indicate rates will likely remain steady until inflation reaches target range.


Sentiment: NEUTRAL

Tickers: US2YUS10Y

Keywords: pricestreasury billsbreaking news: economygovernment debtneel kashkaritreasury noteseconomyu.s. economyu.s. treasury bondsu.s. 10 year treasuryeconomic outlookbusiness newsbonds

Source: https://www.cnbc.com/2024/05/09/us-treasurys-investors-consider-remarks-from-fed-officials.html


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