US Treasury Yields Edge Lower Ahead of FOMC Minutes Release
· Business · CNBC, Reuters, Economic Times
US Treasury yields moved lower as traders awaited the release of the latest Federal Reserve FOMC minutes. The 10-year Treasury note yield declined by more than 2 basis points to 4.6743%. The 2-year Treasury note yield dropped more than 1 basis point to 4.1542%, while the 30-year yield fell over 2 basis points to 5.2445%. The bond market reversal followed retail sales dropping by a surprise 0.6% in the previous month. Investors look to Wednesday's publication of July's FOMC meeting minutes for insights into the central bank's monetary policy trajectory after rates were held steady at between 3.50% and 3.75%.
Why it matters
Changes in Treasury yields directly influence borrowing costs for mortgages, auto loans, and credit card debt while signaling broader economic expectations.
Read the original report — CNBC
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