Treasury yields rise as investors look ahead to Powell testimony and jobs data

On Monday, U.S. Treasury yields rose as investors assessed the economic landscape and anticipated key economic data scheduled for the week.

The yield on the 10-year Treasury increased by over 4 basis points to 4.225%, while the 2-year Treasury yield rose by approximately 6 basis points to 4.593%.

The movement of yields and prices in opposite directions was noted, with one basis point equivalent to 0.01%.

Investors contemplated the future trajectory of the economy, particularly regarding inflation, following recent data that presented a somewhat mixed picture.

They eagerly awaited fresh insights from upcoming economic reports, CNBC reported.

READ MORE: https://www.cnbc.com/2024/03/04/us-treasurys-look-to-powell-testimony-jobs-data-in-week-ahead.html

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