U.S. Treasury yields climbed on Wednesday as investors awaited the release of key economic data and assessed what it could mean for Federal Reserve rate policy.
was trading at around 3.9201% after rising by over two basis points. It had fallen by close to 20 basis points on Tuesday.Investors assessed the outlook for Federal Reserve interest rate policy as they looked to key economic data due this week.
That includes the latest durable goods orders report, which is slated for Wednesday alongside data from the mortgage sector, including the 30-year mortgage rate and mortgage purchases. It will be followed on Thursday by fresh gross domestic product figures and the personal consumption expenditure price index, which is one of the Fed's preferred inflation gauges, due Friday.
Investors are expecting the Fed to raise interest rates by 25 basis points when it meets next week and will be looking to the central bank's guidance for hints about when rate cuts can be expected. Central bank officials have, however, indicated that rates wouldThat comes as data — including last week's
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