tradingkey.logo

TREASURIES-US yields trim gains after softer-than-expected data

ReutersJan 16, 2025 1:53 PM

- U.S. Treasury yields pared gains on Thursday after data showed weaker-than-expected numbers in retail sales, jobless claims, and import prices.

The lone surprise was the Philadelphia Fed Business Index, which jumped to 44.3 in January. The forecast was for a reading of minus 5.

The benchmark 10-year yield trimmed gains after the data, last up 1.4 basis points (bps) at 4.669% US10YT=RR. It was 4.694% before the data. On the short end of the curve, the two-year yield last traded up 1.7 bps at 4.281%, compared with 4.314 prior to the reports.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

((gertrude.chavez@thomsonreuters.com; 646-301-4124;))

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI