US Treasury Yields Steady as Investors Await Data and Supply
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#4f691011 ver:0.53

U.S. Treasury yields were little changed on the day on Monday ahead of Treasury sales of $183 billion in new supply and as investors waited for data to provide new clues on when the Federal Reserve is likely to begin cutting interest rates. Yields have risen to five-month highs since hotter-than-expected consumer price data for March released earlier this month dashed hopes that elevated prices in January and February were an anomaly, and raised the prospect that inflation may remain sticky for some time. Policymakers including Chair Jerome Powell last week backed away from providing any guidance on when interest rates may be cut, saying instead that monetary policy needs to be restrictive. With a strong labor market also buoying the economy, that leaves the U.S. central bank and markets w...

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 https://here.news/story/4f691011?ver=0.53