Treasury yields are flat as investors gear up for inflation data
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Treasury yields are flat as investors gear up for inflation data. The 10-year Treasury yield is flat at 4.257% and the 2-year Treasury yield is slightly higher at 4.736%. Investors are looking for signs that September may be the month for an interest rate cut from the Federal Reserve. The personal consumption expenditures price index, the Fed's preferred inflation gauge, is expected to cool to 2.6% in May from 2.8% in April. Traders are currently pricing in a 66% chance of a September cut. Various Fed officials are due to speak this week and data on house prices, new home sales, jobless claims, and consumer confidence will be released. The rate of first-quarter growth in the U.S. economy is expected to be confirmed at 1.6%.

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https://www.cnbc.com/2024/06/24/treasury-yields-are-flat-as-investors-gear-up-for-inflation-data.html