Treasury yields dip ahead of consumer confidence and inflation data

U.S. Treasury Yields Slightly Lower as Investors Await Data Releases #

U.S. Treasury yields were slightly lower at the start of a shortened trading week, as investors eagerly await fresh data releases on consumer confidence and inflation. The 10-year Treasury yield slipped 2 basis points to 4.449%, while the 2-year Treasury yield was down 2 basis points at 4.927%. The Conference Board will publish its monthly Consumer Confidence Index, following three consecutive declines in the gauge. Additionally, the April personal income and expenditures report will provide insights into price movements across consumer expenses. Investors are seeking more data on the economic and inflationary outlook after the recent release of the Federal Reserve’s meeting minutes, which highlighted uncertainties among policymakers regarding policy easing. Minneapolis Federal Reserve President Neel Kashkari is scheduled to deliver a speech in London on Tuesday, discussing the rate-cut perspective.