The UST10-Year yield is at 2.341% this morning after closing at 2.313% yesterday.
Treasury yields climbed this morning after a revised reading on third quarter GDP growth reflected the US economy grew at its fastest pace in over two years.
Real gross domestic product rose at an annual rate of 3.20% in the third quarter of 2016, uplifted by contributions from consumers, government and businesses. Consumer spending rose 2.80% annualized rate, stronger than the 2.30% pace initially estimated. Final domestic sales increased at 1.70% rate after previously reported at a 1.40% pace.
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The UST 10-Year yield is at 2.341% this morning after closing at 2.313% yesterday.
Treasury yields climbed this morning after a revised reading on third quarter GDP growth reflected the US economy grew at its fastest pace in over two years.
Real gross domestic product rose at an annual rate of 3.20% in the third quarter of 2016, uplifted by contributions from consumers, government and businesses. Consumer spending rose 2.80% annualized rate, stronger than the 2.30% pace initially estimated. Final domestic sales increased at 1.70% rate after previously reported at a 1.40% pace.
This heavy economic data week continues with Wednesday’s ADP Employment Change, Mortgage Applications and Personal Income & Spending, Thursday’s Initial Jobless Claims, Continuing Claims, and Construction Spending, and Friday’s Nonfarm Payroll and Unemployment Rate for the month of November.
The curve has bear-steepened with UST 10-Year yield up 2.8 bps from prior closing.