The yield on the 10-year U.S. Treasury note held steady at 4.24%, remaining near three-month highs as traders anticipate a packed week of economic data offering fresh insights into U.S. economic strength.
US T-Note yields little changed
Key reports on the docket include the initial estimate for GDP growth, PCE inflation figures, and payroll data, all arriving just before the presidential election and the Federal Reserve’s policy decision next week. Markets have largely priced in a 25 basis-point rate cut this month, with the probability of such a move currently near 96%.
Economic data ahead
Additionally, the U.S. Treasury Department will release its quarterly refunding announcement on upcoming bond auction plans this week.
