Treasury Prices and Yields React to GDP Data and Debt Ceiling Vote

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Source: Barron's
Treasury Prices and Yields React to GDP Data and Debt Ceiling Vote
Photo: Barron's
TL;DR

Treasury prices fell after the latest US GDP data showed a deceleration in growth rate to 1.1% in the first quarter, below the seasonally adjusted increase of 2.6% in the 2022 fourth quarter, raising concerns about inflation and potential interest rate hikes.

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