April Treasury Surplus Hits $178 Billion, Falling Short of $235 Billion Forecast
The United States Treasury Department has reported that the government registered a $178 billion surplus in April 2023. This figure, however, came in below the expected $235 billion. In the month under review, total receipts amounted to $638 billion, while outlays stood at $426 billion. Comparatively, in April of the previous year, the fiscal surplus […]
“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 […]