Treasury yields rise following weak auction and ahead of key inflation report
Publishing timestamp: 2024-05-28 13:15:39
Summary
Treasury yields rose following poor auction on five-year note, investors await fresh data on inflation. Consumer confidence increased, but expectations for inflation also climbed. Minneapolis Fed President says positive inflation data needed to convince him to cut rates. Fed expected to stay on hold until at least September.
Sentiment: MIXED
Keywords: s&p global inc, medium term notes, prices, u.s. economy, markets, business news, economic events, bonds, u.s. 2 year treasury, u.s. 10 year treasury, breaking news: markets, government debt,