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Treasury yields decline as investors monitor economic data

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.

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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

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