Jobs, inflation data may break the US Treasury market out of narrow range

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Treasury Yields أخبار

Jerome Powell,Employment Data,Economic Growth

A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a...

NEW YORK - A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range.

U.S. monthly inflation as measured by the personal consumption expenditures price index was unchanged in May, a report released on Friday showed, advancing the narrative of slowing inflation and resilient growth that has tamped down bond market gyrations and buoyed stocks in recent weeks. Yet futures linked to the fed funds rate showed traders pricing in just under 50 basis points of rate cuts for the year.

At the same time, some investors believe inflation is unlikely to return to pre-pandemic levels and the U.S. economic is likely to show a higher level of underlying strength, limiting the longer term downside for bond yields, said Thierry Wizman, global FX and rates strategist at Macquarie Group.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Jobs, inflation data may break the U.S. Treasury market out of narrow rangeBonds could see a significant jolt soon
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »