Investors Turn to Treasuries Amid Economic Uncertainty and Debt Ceiling Concerns
TL;DR Summary
US Treasury yields fell as investors awaited fresh data that could provide hints about the Federal Reserve's next policy moves. The yield on the 10-year Treasury was down by almost 12 basis points at 3.4%. Investors are closely following the latest economic data releases, including the personal consumption expenditure price index due on Friday, which is one of the Fed's preferred inflation measures. The central bank's next rate-setting meeting is on May 2-3, and a 25 basis point rate hike is widely anticipated.
- Treasury yields stumble as investors look to key data for hints about the U.S. economy CNBC
- Investors Seek Shelter in Treasurys After Economic Data The Wall Street Journal
- Debt Ceiling: Closer Than We Thought (2) National Review
- US Dollar Index: DXY traces downbeat yields above 101.00 as traders brace for US GDP, Fed FXStreet
- Treasury Bill Bid-Ask Spreads Point to Debt-Ceiling Jitters The Wall Street Journal
- View Full Coverage on Google News
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