Treasury Yields Fall Amid Concerns Over Contracting Economy and Weak Manufacturing Data.
TL;DR Summary
US Treasury yields fell as economic data pointed to a potentially greater-than-expected economic slowdown, with the 2-year Treasury yield dropping nearly 10 basis points. Investors are contemplating the possibility of further interest rate hikes and rates staying higher for longer, with the Fed expected to announce another 25 basis-point interest rate hike after its next meeting on May 3. The latest consumer and producer price index reports in the US have indicated that inflation is easing while remaining above the Fed's 2% target.
- 2-year Treasury yield tumbles as economic data points to contracting economy CNBC
- Treasury Yields Drop as Economic Worries Mount Barron's
- Bond Yields, Stock Futures Lower After Weak Manufacturing Data The Wall Street Journal
- 10-year Treasury yield inches lower as Wall Street weighs economic outlook CNBC
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