10-Year treasury yield holds at 4.25% amid economic data anticipation

The 10-year US Treasury note yield remained around 4.25% on Wednesday, following a retreat from near four-month highs in the previous session.

10-Year treasury yield holds at 4.25% amid economic data anticipation

Investors are bracing for crucial economic data that could influence Federal Reserve policy. A preliminary estimate of third-quarter GDP is due later today, followed by Thursday's PCE price index report and nonfarm payroll data on Friday. Meanwhile, JOLT data showed job openings at their lowest level since January 2021, while the CB consumer confidence index posted a sharp increase, marking its most significant rise since March 2021.

Fed caution and Trump speculation keep treasury yields steady

Nonetheless, expectations of a more cautious Fed easing strategy prevented Treasury yields from falling further. Additionally, speculation about a potential Donald Trump victory in the November 5 election has supported US yields, as his policies on tariffs, taxes, and immigration are viewed as inflationary.