Treasury yields rise as 30-year bond tops 5% ahead of FOMC minutes and economic data
By
Sean Conlon, Sawdah Bhaimiya
Summary
U.S. Treasury yields rose on Tuesday, with the 30-year bond trading above the key 5% level. The Commerce Department reported the U.S. trade deficit widened to $77.6 billion in May, up from $54.6 billion in April, slightly below economist expectations. Investors are awaiting the FOMC meeting minutes on Wednesday — the first under new Fed Chairman Kevin Warsh — along with weekly jobless claims and existing home sales data later in the week. Fed Governor Christopher Waller also spoke on Monday, reiterating his stance on monetary policy.
Source
bskyTreasury yields rise as 30-year bond tops 5% ahead of FOMC minutes and economic datacnbc.comKey quotes
· 1 pulledThe U.S. trade deficit came in at $77.6 billion in May, up from the revised $54.6 billion in April and just below the $78.08 billion that economists polled by Dow Jones expected.
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