Treasury yields climbed on Thursday as traders looked to the release of GDP growth and other economic data for hints about future Federal Reserve policy.
Treasury yields climbed on Thursday as traders looked to the release of gross domestic product growth and other economic data for fresh insights into the state of the U.S. economy and hints about future Federal Reserve policy.was up by 4 basis points to 4.0590% at around 4:50 a.m. ET. The benchmark note had been declining for the last two days.yield was at 4.4389%, having risen by 2 basis points after declining for three consecutive days to start the week.Traders digested U.S.
Looking ahead, Thursday will see the release of durable goods data for September and the GDP growth rate for the third quarter. Analysts are widely expecting U.S. GDP to rebound after it unexpectedly declined during the first half of the year. Investors have been scanning the slew of economic data for clues about a recession and future Federal Reserve policy, especially regarding interest rates.
Questions around how high and for how long the central bank will continue to hike rates have grown louder in recent weeks, as many are concerned about the impact of monetary policy on the U.S. economy. The Federal Reserve is expected to hike rates by 75 basis points at its meeting next week.