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10-Year Treasury Yield Climbs to 3-Week High Amid Strong Economic Data
10-Year Treasury Yield Climbs to 3-Week High Amid Strong Economic Data
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BTCCSquare news:
The 10-year Treasury yield surged to 4.178%, its highest level in three weeks, as robust economic indicators overshadowed the Federal Reserve's recent 25 basis point rate cut. Initial jobless claims dropped to 218,000, signaling labor market resilience and reducing pressure for further monetary easing.
Second-quarter GDP growth was revised upward to 3.8%, fueled by stronger-than-expected consumer spending at 2.5%. Market attention now turns to Friday's PCE index release, which will offer fresh insights into inflationary trends.
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