Treasury yields are flat as investors gear up for inflation data
Publishing timestamp: 2024-06-24 15:52:15
Summary
Treasury yields were muted as the final week of June began, with investors focusing on Friday's key inflation report. The 10-year Treasury yield was slightly lower, while the 2-year Treasury yield was slightly higher. Markets are looking for signs that a September interest rate cut may be possible, with the personal consumption expenditures price index expected to show a cooling in annual price rises. Traders are currently pricing in a 66% chance of a September cut. Federal Reserve officials are continuing their efforts to bring inflation down, with other data on house prices, new home sales, jobless claims, and consumer confidence expected this week.
Sentiment: NEUTRAL
Keywords: bonds, government debt, u.s. economy, world markets, real estate, labor economy, united states, markets, prices, business news, u.s. 10 year treasury, economic events, breaking news: markets, u.s. 2 year treasury,