Investors focused on GDP revision, trade data, and Fed officials’ speeches

  • Treasury yields hold steady as investors await fresh data on the U.S. economy
  • Yields on 2-year, 10-year, and 30-year Treasuries remain unchanged
  • First revision of Q4 U.S. GDP and international trade data to be released
  • Investors also focused on Fed officials’ speeches and upcoming inflation gauge
  • Markets predict a high probability of no interest rate change at the next Fed meeting

Treasury yields remained steady on Wednesday as investors awaited fresh data on the state of the U.S. economy. The yields on the 2-year, 10-year, and 30-year Treasuries showed no significant changes. The first revision of the fourth-quarter U.S. gross domestic product (GDP) and international trade data for January are expected to be released. Additionally, investors are paying attention to speeches by several Federal Reserve officials and the upcoming personal-consumption expenditure price index for January, which is the Fed’s favored inflation gauge. Recent data showed weak durable-goods orders and higher house prices. Market expectations indicate a high probability of no interest rate change at the next Fed meeting.

Factuality Level: 8
Factuality Justification: The article provides factual information about Treasury yields and upcoming economic data releases. It does not contain irrelevant information, misleading details, sensationalism, or biased opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about Treasury yields and upcoming economic data releases. It stays on topic and 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: Treasury yields
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the steady trading of Treasury yields and the upcoming data on the state of the U.S. economy. There is no mention of any extreme events or their impact.
Key People: Raphael Bostic (Atlanta Fed President), Susan Collins (Boston Fed President), John Williams (New York Fed President)

Reported publicly: www.marketwatch.com