Key auctions and economic indicators to watch this week
- Bond yields steady ahead of two auctions and key economic data
- Yield on 2-year Treasury up 2 points, yield on 10-year Treasury down 1 basis point
- $63 billion auction of two-year notes and $64 billion auction of 5-year notes scheduled
- New-home sales data, PCE price index, and ISM manufacturing index to be released this week
- Bigger risk of PCE price index coming in at 0.5% due to strong PPI data
Bond yields remained steady on Monday as investors awaited two major auctions and key economic data. The yield on the 2-year Treasury increased by 2 points, while the yield on the 10-year Treasury decreased by 1 basis point. A $63 billion auction of two-year notes and a $64 billion auction of 5-year notes are scheduled for Monday. Additionally, important economic indicators such as new-home sales data, the PCE price index, and the ISM manufacturing index will be released throughout the week. Strategists at BNP Paribas suggest that there is a higher possibility of the PCE price index coming in at 0.5% due to stronger-than-expected PPI data earlier in the month.
Factuality Level: 3
Factuality Justification: The article provides factual information about bond yields, upcoming auctions, and key economic data. However, it lacks depth and context, making it difficult for readers to fully understand the significance of the information presented. There are no clear biases or inaccuracies, but the article is very brief and lacks in-depth analysis.
Noise Level: 2
Noise Justification: The article provides relevant information about bond yields, upcoming auctions, and key economic data. It stays on topic and does not contain irrelevant or misleading information. It supports its claims with data and examples. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Bond market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses bond yields and upcoming auctions and economic data, indicating relevance to financial topics.
Public Companies: BNP Paribas (BNP)
Key People: Strategists at BNP Paribas (Strategists)
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