Treasury yields fell on Wednesday as investors awaited new economic data and weighed the outlook for the U.S. economy.
The yield on the benchmark 10-year Treasury note was stable at 4.238%, while the yield on the two-year note was also stable at 4.424%.
Yields and prices move in opposite directions, and 1 basis point is equal to 0.01%.
Government bonds
TickerCompanyYieldChangeUS1MU.S. 1-month Treasury 5.366%-0.006US3MU.S. 3-month Treasury 5.319%UNCHUS6MU.S. 6-month Treasury 5.177%+0.001US1YU.S. 1-year Treasury 4.863%-0.01US2YU.S. 2-year Treasury 4.427%UNCHUS10YU.S. 10-year Treasury 4.239%+0.001US30YU.S. 30-year Treasury 4.478%+0.009
On the data front, preliminary manufacturing Purchasing Managers’ Index (PMI) numbers for July are due to be released around 9:45 a.m. ET. Preliminary Services PMI numbers for July are due to be released at the same time, and June new home sales figures are due to be released later in the session.
Second-quarter gross domestic product and the personal consumption expenditures price index for June are due to be released later this week.
The latter is the Federal Reserve’s preferred inflation measure and could therefore influence the guidance it issues on the monetary policy outlook when the U.S. central bank meets next week.
—CNBC’s Samantha Sabin and Sophie Kiderlin contributed to this report.
