10-Year Treasury Yield Dips As Traders Weigh State Of U.S. Economy After Latest Data
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U.S. Treasury yields were lower Friday as investors assessed the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 4 basis points lower at 3.961% at 6:18 a.m. ET. The yield on the 2-year note was near-flat on the day at 4.034%. Initial claims for unemployment insurance totaled 233,000 in the latest week, a lower figure than expected. Traders trimmed bets on a 50 basis point rate cut from the Federal Reserve in September, now pricing in roughly even odds of that or a 25 basis point move lower. Fresh data is in short supply until Tuesday when the core producer price index is due.
https://emeatribune.com/10-year-treasury-yield-dips-as-traders-weigh-state-of-u-s-economy-after-latest-data/
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