U.S. Treasury yields climbed on Monday as investors assessed the economic outlook and awaited data releases and Fed speaker remarks slated for the week.
Yields and prices have an inverted relationship and one basis point is equivalent to 0.01%.Investors considered the outlook for the U.S. economy, including inflation developments and whether a deep recession could be avoided.
Investors are hoping for fresh insights about the state of the economy, with balance of trade figures due on Tuesday and the preliminary Michigan consumer sentiment report expected Friday. No key economic data is slated for Monday. A series of Fed speakers are also due to make remarks, including Chairman Jerome Powell on Tuesday. Investors will be looking to central bank officials for further clues about monetary policy plans and their expectations for the economy.during the month, far above the 187,000 expected by economists according to a Dow Jones survey.
The Fed has been trying to cool the economy through policy measures including interest rates hikes. At the conclusion of its meeting last week, the central bank
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