Treasury Yields Hold Near 4.56% as Markets Await Inflation and May Home Sales
Updated
Updated · CNBC · Jun 9
Treasury Yields Hold Near 4.56% as Markets Await Inflation and May Home Sales
3 articles · Updated · CNBC · Jun 9
Summary
The 10-year Treasury yield was little changed at 4.556% on Tuesday, while the 2-year slipped to 4.147% and the 30-year edged up to 5.035%.
That pause followed Monday's rise in yields after another stronger-than-expected employment reading reinforced expectations for tighter Federal Reserve policy.
Traders are now focused on fresh data due later this week, including the BLS inflation report, ADP private-payroll figures, Census trade data and existing home sales.
Home sales rose 0.2% in April to a 4.02 million annual rate after a seven-month low, and economists expect May to improve again to 4.07 million.