Treasury yields trade higher on Thursday as fixed-income investors watch for data on inflation and a weekly report on joblessness to assess the health of the...
Treasury yields traded higher on Thursday as fixed-income investors watched for data on U.S. producer inflation and a weekly report on joblessness to assess the health of the economy amid the rebound from COVID-19.
The producer-price index, or PPI, a measure of the prices businesses receive for their goods and services, is expected to show prices rose 7.3% for the year to July, matching a similar reading for June.For the month-over-month, the PPI is slated to decelerate to a rise of 0.6%, verus 1% in June. Meanwhile, weekly jobless claims for the period ended Aug. 7 are expected to decline by 7,000 to 378,000.Treasury investors have been so far receiving mixed messages from Federal Reserve officials, with Kansas City Federal Reserve President Esther George saying that the time has come to end the central bank’s bond-buying program, and a similar tone was taken by Dallas Fed President Robert Kaplan in a Wednesday interview with CNBC.
Some researchers think that the Fed could hint at tapering its asset purchases at the three-day Jackson Hole Economic Symposium, which starts on Aug. 26.
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