The US fixed income market is eyeing the Federal Reserve's report on the Personal Consumption Expenditure Inflation Index due out this Friday.
Los US Treasury Bonds This Thursday, March 28, rose the shortest day after the release of data that showed economic growth in the United States faster than previously reported in the fourth quarter.
He The 10-year Treasury yield rose 0.6 basis points to 4.2%.. That's up about 35 basis points in the first three months of the year. The two-year yield, which generally moves in step with interest rate expectations, rose 38 bps in the quarter to 4.6221%, up 5.2 basis points. The yield on the 30-year bond fell 1.2 basis points to 4.3474% to add 33 bps in the quarter.
Meanwhile, the closely watched portion of the U.S. Treasury yield curve, which measures up Difference between two and ten year bondsConsidered as an indicator of economic prospects -42.4 basis pointsA slight reversal from Wednesday's level of -38.4 basis points.
US stocks are bullish
Thanks Strong consumer spending and business investment in non-residential structuresLike manufacturing, gross domestic product (GDP) grew at an annualized rate of 3.4% last quarter, revised upward from a previously reported 3.2% pace, the Commerce Department said in its third GDP estimate for the fourth quarter.
A separate report from the Department of Labor shows that Initial claims for state unemployment benefits fell by 2,000The seasonally adjusted figure for the week ended March 23 was 210,000.
Statistics are unaffected The fixed income market pays close attention to the Federal Reserve's report on the inflation index Personal consumption expenditures will be released this Friday.
He Federal Reserve (Fed), Chairman Jerome Powell, He will take part in a moderate monetary policy debate on Friday, meaning the market won't be able to respond to the week's two big news until Monday due to the Easter holiday.
