US Treasury Yields Fluctuate Amid Mixed Economic Signals

Investors digest varied economic data as anticipation builds for upcoming GDP and inflation reports.

• Shorter-dated US Treasury yields fell while longer-dated yields rose, reflecting mixed economic expectations.
• The gap between two- and 10-year Treasury notes narrowed, indicating a potential shift in recession expectations.
• Recent housing data showed a decline in home sales, contributing to lower yields on two-year notes.
• Upcoming GDP and personal consumption expenditures reports are expected to provide further insights into the Federal Reserve's rate decisions.
• Market confidence grows in a potential Fed rate cut later this year as inflation data shows signs of cooling.

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