"Treasury Yields Ease as Investors Brace for Key Economic Data"

Treasury yields retreat as markets await key economic data this week, including a preliminary fourth-quarter GDP growth figure and the Commerce Department's PCE price index for December. Economists expect the slowest GDP growth since 2022, and the consensus forecast for core PCE prices is 0.2% growth for the month and 3% for the full year. Chicago Fed President Austan Goolsbee emphasized the importance of this data in predicting the Fed's rate path, while auctions for Treasury bills are scheduled for Monday.