Treasury yields hold steady as traders weigh inflation data and Middle East tensions
The 2-year Treasury note yield fell about 1 basis point to 3.7832% as traders price in a near-25% probability of a rate cut by year-end. The 10-year U.S. Treasury note yield remained flat at 4.2872%, and the 30-year Treasury note yield was flat at 4.8806%. These movements reflect investors preparing for key domestic data releases. The Commerce Department will release the latest personal consumption expenditures price index for February. The core PCE price index, the Federal Reserve's preferred gauge of underlying inflation, was 0.4% in January and is consensus expected to be 0.4% for February. Federal Reserve minutes from March's meeting showed policymakers remain open to future rate hikes should inflation continue to exceed the 2% target.
More Briefs
A three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed market
Apr 12Fundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback Depth
Apr 12A rate cut is expected, but the data may force the ECB to hold
Apr 12Failed US-Iran talks raise crude prices and erode Federal Reserve rate-cut odds