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US Treasuries Extend Dip as Data Signals Resilient Economy

James Hirai, Miles J. Herszenhorn
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⚡ Quantum Brief
US Treasury yields climbed as robust housing and durable goods data signaled sustained economic strength, reducing bets on aggressive Federal Reserve rate cuts this year. The 10-year benchmark yield rose to 4.08%, marking its first two-day increase since early February, with losses spanning all maturities. Traders recalibrated expectations for monetary easing amid signs of resilience, though markets still anticipate gradual cuts later in 2026. The shift reflects growing confidence in economic momentum, despite prior concerns over inflation and growth slowdowns. Fed minutes and upcoming data releases will further clarify the central bank’s policy trajectory, influencing bond market movements.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Treasuries extended losses after upbeat housing and durable goods data reinforced signs of resilience in the US economy, tempering expectations for more aggressive rate cuts this year.Yields rose across all tenors, pushing the rate on benchmark 10-year bonds to 4.08% and putting them on course for their first two-day increase since the start of the month.

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Source: Bloomberg

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