Treasurys were being bought Friday, pulling yields down, ahead of publication of a measure of the Federal Reserve's preferred inflation gauge for June.
Treasurys were being bought Friday, pulling yields down, ahead of publication of a measure of the Federal Reserve’s preferred inflation gauge for June.
What yields are doing The stats For the week, the 10-year Treasury yield is down 3.9 basis points, 30-year is down 2.2 basis points, while the 2-year was virtually unchanged over the period. Fixed-income drivers The June personal-consumption expenditures index is due to be released at 8:30 a.m. Eastern Time and is considered the Fed’s preferred measure of inflation. Economists polled by the Wall Street Journal estimate that the Commerce Department will report that PCE—a measure of household spending on goods and services—increased 0.7% last month.
A reading of second-quarter U.S. employment cost index are also set to be released at the same time as PCE on Friday.
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