{"id":14104,"date":"2023-05-26T08:03:12","date_gmt":"2023-05-26T12:03:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/treasury-yields-ease-on-hope-for-debt-ceiling-deal-and-ahead-of-april-inflation-data\/"},"modified":"2023-05-26T08:03:13","modified_gmt":"2023-05-26T12:03:13","slug":"treasury-yields-ease-on-hope-for-debt-ceiling-deal-and-ahead-of-april-inflation-data","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14104","title":{"rendered":"Treasury yields ease on hope for debt ceiling deal and ahead of April inflation data"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002106644\" role=\"document\">\n<p>Treasury yields eased Friday, after rising for about 10 days, on news of progress on raising the U.S. debt ceiling in Congress and ahead of the release of April inflation data.<\/p>\n<h2>What\u2019s happening<\/h2>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">4.509%<\/bg-quote><br \/>\n       was 4.51%, down 3.6 basis points. <\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.790%<\/bg-quote><br \/>\n      was 3.8%, down 2.5 basis points.<\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.973%<\/bg-quote><br \/>\n       was 3.98%, down 1.8 basis points.<\/p>\n<\/li>\n<\/ul>\n<h2>What\u2019s driving markets<\/h2>\n<p>Top House Republicans and the Biden White House on Thursday sounded upbeat on\u00a0Washington\u2019s debt-ceiling talks, as investors continued to track the efforts to reach a bipartisan deal on lifting the ceiling for federal borrowing and thereby avoid a market-shaking default. <\/p>\n<div class=\"paywall\">\n<p>Analysts at Goldman Sachs say the odds are highest the deal is announced late Friday or Saturday. They assigned an 80% chance on a full-fledged deal, and a 10% possibility of a short-term patch.<\/p>\n<p>Meanwhile, the Fed\u2019s preferred inflation measure, the PCE price index for April, is due for release at 8:30 a.m. Eastern, alongside personal income and consumer spending numbers.<\/p>\n<p>\u201cThe obvious potential catalyst is the upcoming core PCE Index. If we happen to see a softer reading on this key inflation gauge, it could offset some of the tough talk on rates that we have heard from Fed officials recently and take some steam out of the U.S. dollar,\u201d said Tim Waterer, chief market analyst at KCM Trade.<\/p>\n<p>Economists polled by The Wall Street Journal expect the core PCE price index to rise 0.3%, which would be a 4.6% year-over-year rise. <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/treasury-yields-ease-ahead-of-key-inflation-data-e9e69c2e?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury yields eased Friday, after rising for about 10 days, on news of progress on raising the U.S. debt ceiling in Congress and ahead of the release of April inflation data. What\u2019s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.509% was 4.51%, down 3.6 basis points. The yield on the 10-year Treasury TMUBMUSD10Y, 3.790% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-14104","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Treasury yields ease on hope for debt ceiling deal and ahead of April inflation data | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Treasury yields eased Friday, after rising for about 10 days, on news of progress on raising the U.S. debt ceiling in Congress and ahead of the release of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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