U.S. Treasury yields were slightly lower on Wednesday, with investors seemingly unwilling to make big moves ahead of inflation data and a Federal Reserve policy meeting next week.
What’s happening
-
The yield on the 2-year Treasury
TMUBMUSD02Y,
4.537%
fell 3 basis points to 4.499% from versus 4.523% late Monday -
The yield on the 10-year Treasury
TMUBMUSD10Y,
3.704%
fell 2 basis points to 3.676% from 3.699% late Monday. -
The yield on the 30-year Treasury
TMUBMUSD30Y,
3.869%
declined 2 basis points to 3.847 % from 3.874% late Monday.
What’s driving markets
The U.S. international trade deficit for April is due at 8:30 a.m. Eastern, while consumer credit for the same month will follow at 3 p.m., but investors are keenly awaiting consumer-price data next Tuesday that comes a day ahead of a Federal Reserve policy decision.
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