Treasury yields climb on positive economy and labor data
Publishing timestamp: 2024-05-23 13:25:28
Summary
U.S. Treasury yields rose following better-than-expected economic data, with services and manufacturing gauges showing expansion. Jobless claims also fell more than expected, signaling a potential stall in weakening labor market demand. Minutes from a recent Federal Open Market Committee meeting showed uncertainty among policymakers about when to ease.
Sentiment: NEUTRAL
Keywords: government debt, prices, labor economy, u.s. economy, bonds, markets, breaking news: markets, business news,
Source: https://www.cnbc.com/2024/05/23/treasury-yields-move-lower-on-fed-interest-rate-uncertainty.html