US Treasury Yields Increase Before Fed Speech

0
183

US Treasury Yields Increase Before Fed Speech

Newest reports have revealed that the US treasury yields have increased before the crucial Fed speech. The upcoming speech will provide investors with more clues regarding the US economy and its performance. The key speech will reveal a lot of important information also regarding the mortgage applications. Moreover, there are no major auctions that have to take place in the US Treasury today.

US government debt prices dropped

While the US government debt prices dropped in the red zone on Wednesday, the yield on benchmark 10-year Treasury note remained higher at 2.828 percent. On the other hand, the yield on 30 Year Treasury bond also remained higher at 3.013 percent. The bonds also ended up moving inversely to the prices.

US central bank for the bond

Today is going to be all about the news coming from the US central bank for the bond investors and the speech will have a direct impact on the key economic indicators. First, in New York, the New York Fed President – William Dudley will be speaking at 2 important events- the first one will be the Community Bankers Conference on navigating the upcoming risks for the community banks and on the other hand, on the Lehman College on the importance of state of economy.

Fed Beige Book

Moreover, the Fed Beige Book will also be released at 2PM ET, which will give the investors more clues about the United States economy and how it is currently performing. The mortgage applications will also be out at 7 am ET.

Therefore, today is all about the key important data, which will affect the economy to a great extent. It is also important to realize that the US treasury yields have increased before the important Fed speech, which is again a sign of positivity and momentum.

On the other hand, it is also important to know and realize that there are no major auctions being held before the US treasury on Wednesday. At the same time, the President of United States will also be holding a 2nd day visit by Prime Minister of China in Florida. Both premiers will meet about peace, trade and investment.