Treasury yields ease as investors await Fed’s favorite inflation indicator

Treasury yields eased back on Friday, as investors awaited the last big economic indicator ahead of the Federal Reserve’s policy meeting next week.

What’s happening?

What’s driving markets?

Treasury yields surged by the most in a month on Thursday, after data including lackluster first-quarter economic growth in the U.S. prompted traders to price in a bigger chance of interest-rate hikes by the Fed next week and in June. The breakdown showed a jump in consumer spending and signs of price pressures.

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