Treasury Yields Decline Ahead of Sentiment Data, Fedspeak–Market Talk
(Dow Jones)–Treasury yields are mostly lower while the 10-year rises a little as markets wait for the University of Michigan consumer survey and for remarks from Fed’s Christopher Waller later today. Investors are leaning toward a more hawkish outlook for interest rates. “The sentiment and narrative of late has shifted: now we contemplate a 6% [fed funds] rate and the Fed speak, ignored for months, now has the winds of short-term data behind it,” AmeriVet’s Gregory Faranello says in a note. The 10-year yield is at 3.683% and the two-year at 4.507%.
By: Paulo Trevisani (firstname.lastname@example.org; @ptrevisani)