Business & Finance
U.S. Treasury yields hold steady as investors anticipate upcoming economic releases
Yields across benchmark notes remained flat while market participants look ahead to inflation metrics, GDP estimates, and central bank commentary.
The short version
- Yields on U.S. Treasury notes held flat early Tuesday following lower borrowing costs on Monday.
- Market focus is shifting toward key economic reports scheduled for release on Wednesday, including July PCE inflation data and updated Q2 GDP estimates.
- Investors are awaiting Federal Reserve Chair Kevin Warsh's upcoming speech at the Jackson Hole Symposium on Friday for potential policy direction.
Key facts
- The 10-year Treasury yield held flat at 4.7021%, the 30-year yield was unchanged at 5.2297%, and the 2-year yield remained steady at 4.2421%.[CNBC]
- Borrowing costs declined on Monday after two senior U.S. Treasury officials indicated the department could utilize its roughly $1 trillion General Account to fund government bond buybacks.[CNBC]
- July personal consumption expenditures data and second-quarter GDP figures are scheduled to be published on Wednesday.[CNBC]
- Federal Reserve Chair Kevin Warsh is scheduled to deliver a keynote address at the Jackson Hole Symposium on Friday.[CNBC]
What remains uncertain
- Senior Treasury officials have not disclosed how much of the Treasury General Account could be allocated toward bond repurchases.[CNBC]