Wall St Week Ahead: Data may jolt US Treasuries out of narrow range

TheStar Sat, Jun 29, 2024 07:18am - 2 days View Original

So far, the economic numbers have failed to dispel doubts over how deeply the Fed will be able to cut interest rates this year, keeping Treasury yields range-bound. — Bloomberg

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

Yields on benchmark US 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, as the market digested data showing slowing inflation and signs of cooling economic growth in some indicators. The 10-year yield stood at 4.33% on Friday.

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