Treasury yields fall as investors look to key data
Publishing timestamp: 2024-05-30 10:58:00
Summary
U.S. Treasury yields retreated as investors awaited key economic data and assessed the state of the economy. Yields fell, with the 10-year Treasury yield dropping below the 4.6% mark. Investors are closely watching the personal consumption expenditures price index figures for hints about the Federal Reserve's monetary policy outlook. Policymakers have indicated that interest rate cuts may be further off than previously expected. Bond yields were pushed up earlier in the week due to weak auction demand.
Sentiment: NEUTRAL
Keywords: u.s. treasury bonds, economic events, treasury notes, prices, u.s. economy, government debt, economic outlook, breaking news: markets, bonds, treasury bills, u.s. 2 year treasury, markets, business news, neel kashkari, u.s. 10 year treasury,
Source: https://www.cnbc.com/2024/05/30/us-treasurys-as-investors-look-to-key-data.html