“Treasury Yields Drop as PCE Data Reduces Hopes of June Fed Hike: Surprise Market Impact!”
Treasury yields were lower in Friday morning trading after March data pointed to a slowing annual rate of inflation in the Federal Reserve’s favored price gauge. The 1-month T-bill rate was 4.184% at 9:10 a.m. New York time, falling 6.8 basis points from Thursday’s close of 4.252%. Meanwhile, the policy-sensitive 2-year rate dropped 4 basis […]