US Treasury yields fell on Tuesday, and investors focused on releasing economic data.
Benchmark yield 10-year government bond It dropped 3 basis points to 2.8225% at 3:45 am ET.Yield 30-year government bond It fell by 3 basis points to 3.304%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.
The impact of rising inflation on the economy and how this is reflected in the data is being carefully watched by investors given growing concerns about a recession.
On Tuesday, S & P Global’s May Flash Purchase Manager index readings will be released at 9:45 am ET. After that, new home sales data for April will be released at 10am ET.
Investors are also monitoring the impact of interest rate hikes and the significant tightening of monetary policy by the Federal Reserve.
Federal Reserve Chair Jerome Powell will give a welcome speech at the National Center of the 2022 American Indian Reservation Economy Summit at 12:20 pm.
An auction is scheduled to take place on Tuesday, with a $ 47 billion two-year bond auctioned.
Treasury yields decline as investors monitor economic data
Source link Treasury yields decline as investors monitor economic data