Oddbean

Treasury yields fall ahead of key economic data ========== U.S. Treasury yields declined as investors awaited key economic data points; At 4:00 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.2349%; Investors are considering the state of the U.S. economy and the outlook for interest rates; Data released Wednesday showed the U.S. PMI flash manufacturing output index falling to 49.5, indicating contraction; On Thursday, investors will be following durable goods orders, weekly initial jobless claims, and a preliminary reading of second-quarter U.S. GDP; The data will provide more hints about the state of the economy and could affect the central bank's decision-making and guidance on monetary policy; Markets are expecting interest rates to remain unchanged, but are hoping for hints about future rate cuts #TreasuryYields #EconomicData #FederalReserve #InterestRates #UsEconomy https://www.cnbc.com/2024/07/25/us-treasury-yields-ahead-of-key-economic-data.html