The UST10-Year yield is at 1.770% this morning after closingat 1.740% on Thursday.
Treasuries reversed yesterday's gains and yields are climbing higher this morning nearing a four month high. Continued positive economic data and a very close FOMC decision in September have investors expecting a rate hike by the end of the year. Today FED Chairwoman Janet Yellen and Eric Rosengren of the Boston FED will make speeches ahead of a 2 day economic conference at the Federal Reserve Bank of Boston.
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Treasuries reversed yesterday's gains and yields are climbing higher this morning nearing a four month high. Continued positive economic data and a very close FOMC decision in September have investors expecting a rate hike by the end of the year. Today FED Chairwoman Janet Yellen and Eric Rosengren of the Boston FED will make speeches ahead of a 2 day economic conference at the Federal Reserve Bank of Boston.
For today's economic data, September Retail Sales came in as expected at 0.60%, the biggest gain in 3 months. PPI was 0.30% vs. 0.20% expected. University of Michigan Consumer Sentiment Index was 87.90 vs. 91.80 expected.