Blog: Government bond yields rise as investors digest inflation printed matter –

Bond yields rose on Tuesday as investors digested last week’s inflation data and looked to a very important employment report on Friday.

Benchmark yield 10-year government bond Yields have risen to 1.6130%. 30-year government bond It rose to 2.2924%. Yield is inversely proportional to price.

Inflation has received more attention since its announcement. Core consumer spending price index for April last week, An important indicator of inflation, a 3.1% rise over expectations. Gold often used as an inflation hedge, Still maintaining a significant level of $ 1,900.

New orders, prices, jobs for ISM manufacturing in May, and the Dallas Federal Manufacturing Index for May are scheduled for Tuesday. Formerly known as the Purchasing Manager Index (PMI), the ISM Index tracks monthly changes in productivity.

Looking ahead, Investors are also looking at Friday’s employment reportEconomists expect data to show that approximately 674,000 jobs were created in May. After April readings were lower than expected at 266,000..

On Tuesday, Federal Reserve Board Governor Lael Brainard will give a speech on the outlook for economic and monetary policy at the Economic Club of New York webinar starting at 2:00 pm Eastern Standard Time. Federal Reserve Board Vice-Chair Randal Quarles will also speak at Politico’s virtual event on economic and financial regulation at 10 am Eastern Standard Time.

Negotiations in Washington on infrastructure spending packages continue to be watched as the Democrats are discussing plans to “go alone” on large spending packages after the Senate Republicans have submitted their budgets. $ 928 billion counter offer It is well below the White House’s latest $ 1.7 trillion proposal to President Joe Biden on Thursday.

Secretary of Transportation Pete Buttigiegge said on Sunday that Senate Democrats and Republicans need to establish a clear direction for infrastructure by June 7.

A 3-month and 6-month auction of US Treasuries is scheduled for Tuesday.

Government bond yields rise as investors digest inflation printed matter

Source link Government bond yields rise as investors digest inflation printed matter

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