Treasury yields were seeing subdued trading on Tuesday, as fixed-income investors awaited a fresh round of data on retail sales and inflation and the start...
U.S. Treasury yields were seeing subdued trading on Tuesday, as fixed-income investors awaited a fresh round of data on retail sales and inflation and the start of the Federal Open Market Committee’s two-day policy meeting, which could provide a clearer picture of the central bank’s view on the economy and inflation outlook.
Today’s fixed-income drivers Treasury investors have inflation on the brain but thoughts of rising pricing pressures may not recede until the conclusion of the rate-setting FOMC’s policy meeting at 2 p.m. Eastern Time Wednesday, followed by a 2:30 p.m. press conference with Fec Chair Powell. A report on U.S. industrial production is due at 9:15 a.m. ET. The National Association of Home Builders’ housing market index for June is due out at 10 a.m., at the same time as data on business inventories for April.
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