So far, the economic numbers have failed to dispel doubts over how deeply the Fed will be able to cut interest rates this year, keeping Treasury yields range-bound. — Bloomberg
NEW YORK: A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt US government bonds out of a narrow trading range.
Yields on benchmark US 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, as the market digested data showing slowing inflation and signs of cooling economic growth in some indicators. The 10-year yield stood at 4.33% on Friday.
Subscribe now for a chance to win your dream holiday!
![](https://cdn.thestar.com.my/Themes/img/sub_paywall_TSM.png)