Overview

• U.S. Treasury yields saw minor changes on Monday and Tuesday, reflecting investor caution ahead of significant economic data releases.
• Upcoming GDP and PCE data are anticipated to provide crucial insights into inflation trends and economic health.
• Market reactions are mixed, with some expectations of interest rate cuts later in the year, depending on economic outcomes.
• Strong demand was noted in the latest Treasury auctions, indicating continued investor interest in U.S. government securities.
• Geopolitical tensions and the upcoming Federal Reserve meeting add layers of uncertainty to the economic outlook.