Economic data and Federal Reserve comments have caused a rise in Treasury yields on Monday. The 10-year yield increased by more than six basis points to 4.5605%, while the 2-year yield rose by over five basis points to 4.9333%. These developments come as investors consider the economic trajectory and monetary policy, with recent consumer and producer price indexes leaving them uncertain about the future.
Market expectations have shifted slightly, with traders now projecting the first rate cut to occur in either July or September rather than June, according to CME Group’s FedWatch tool. In the coming week, investors will closely watch economic indicators such as retail sales figures, building permits, housing starts, and existing home sales data for clues about the state of the economy.
Geopolitical tensions are also adding complexity for investors as they navigate the economic landscape and Federal Reserve policy decisions. Iran launched numerous missiles and drones towards Israel over the weekend, causing uncertainty in financial markets around the world. This development has added another layer of complexity for investors looking to make informed decisions about their investments.
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