US Treasury yields edged lower on Monday as investors prepare for key economic data releases this week. The 10-year Treasury yield dropped less than a basis point to 4.481%, while the 2-year yield dipped about one basis point at 4.268%. A basis point is equivalent to 0.01%.
Investors are waiting for several important economic indicators, including the core inflation reading on Wednesday and producer price index data on Thursday. They will also be watching Federal Reserve Chair Jerome Powell’s testimony before Congress.
Meanwhile, US President Donald Trump announced plans to impose a 25% tariff on steel and aluminum imports, sparking concerns about the impact on businesses and job growth. The move comes as Trump’s previously announced levies on China went into effect overnight. Economists warn that steep tariffs and policy uncertainty could lead to a more severe job slowdown, weaker income, and restrained consumer spending amidst higher inflation.
Source: https://www.cnbc.com/2025/02/10/us-treasury-yields-investors-look-to-key-economic-data-this-week-.html