Treasury yields dip as investors look to key inflation data

U.S. Treasury Yields Dip on Economic Data #

U.S. Treasury yields decreased as investors awaited key economic data that could provide insight into interest rate forecasts. The 10-year Treasury yield dropped over one basis point to 4.3013%, while the 2-year Treasury yield fell by more than one basis point to 4.6933%. Investors are closely monitoring the upcoming personal consumption expenditures price index, hoping for signs of easing inflation. January’s consumer and producer price indexes were higher than expected, leading investors to delay expectations of an interest rate cut. Recent data indicates declining consumer confidence and a larger-than-expected decline in durable goods orders.