Treasury yields remained steady ahead of the release of GDP data in the United States

Treasury yields remained steady ahead of the release of GDP data in the United States

Treasury yields remained steady ahead of the release of GDP data in the United States

which will determine the outcomes of the inflation report.

They were stable on Thursday before the U.S. GDP data, which will also provide a reading on inflation in the first quarter.

 

Topic

What’s happening

What’s driving the markets

 

 

 

 

 

What’s happening

  • The two-year Treasury bond yields remained steady at 4.93%.
  • The ten-year Treasury bond yields also changed little, standing at 4.65%.
  • The thirty-year Treasury bond yields rose by one basis point to 4.78%.

 

 

 

 

What’s driving the markets

On Wednesday, the ten-year bond yield increased by six basis points, marking its biggest weekly rise. The first quarter GDP data is expected at 15:30 Saudi time, and is anticipated to show a 2.2% growth. The GDP reports also contain quarterly personal consumption expenditures inflation data, which economists can use as a guide for the March figures expected to be released on Friday. If the annualized inflation rate for Q1 personal consumption expenditures is 3.42%, the data suggest a monthly rate of 0.3% for March, assuming there are no revisions for January or February. Figures of 3.4% indicate a 0.2% rate for core personal consumption expenditures inflation, while a rate of 3.55% suggests a 0.4% monthly rate.