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Treasury yields slip as investors weigh state of US economy
U.S. Treasury yields were slightly lower on Tuesday as investors considered the outlook for the U.S. economy ahead of key data slated for the week. At 4:03 a.m. ET, the yield on the 10-year Treasury was down by over one basis point to 4.2427%. The yield on the 2-year Treasury was last over one basis point lower to 4.5105%. Yields and prices move in opposite directions. One basis point equals 0.01%. Investors awaited the latest economic data as they assessed the state of the U.S. economy and what this could mean for monetary policy decisions by the Federal Reserve. Existing home sales data for June and manufacturing ... (full story)
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- Posted: Jul 23, 2024 4:15am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,551
