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Treasury yields fall as traders track economic data, Fed says

Yields on the US Treasury fell on Wednesday as investors continued to assess their economic outlook amid growing concerns about a recession.

Benchmark yield around 2:40 am 10-year government bond Yield fell at 3.1434% 30-year government bond It dropped to 3.2666%. Yield is inversely proportional to price.

Concerns over a slowdown and aggressive rate hikes as the second quarter nears the end on Thursday Federal Reserve Continue to dominate market sentiment.

Ann Tried a rally of risk assets It fell below Dow Jones’ consensus estimate of 100 on Tuesday after a disappointing consumer confidence measurement that came in at 98.7.

The Conference Board’s inflation forecast for the year ahead reached a record high of 8.0%, up from 7.7% in June 2008. Meanwhile, the Richmond Fed’s manufacturing index is -19, the lowest since May 2020, well below consensus expectations. 7.

Jerome Powell, Chairman of the Federal Reserve Board, said: European Central Bank 9am ET forum. Powell acknowledged in a Senate Banking Commission testimony last week that a sharp rate hike could put the US economy in recession, but reiterated the central bank’s commitment to curbing inflation.

In terms of economic data, the final first quarter GDP figures will be paid at 8:30 am, along with PCE prices, corporate profits and personal consumption data.

An auction will take place on Wednesday, with $ 30 billion of Treasury securities auctioned for 119 days.

Treasury yields fall as traders track economic data, Fed says

Source link Treasury yields fall as traders track economic data, Fed says

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