U.S. Treasury yields edged up as investors looked to economic data ahead of the Federal Reserve’s meeting. The 10-year Treasury yield rose by two basis points to 4.6343%, while the 2-year Treasury yield increased by less than one basis point. Investors are seeking guidance on interest rate cuts as recent data suggests persistent inflation and a resilient economy. The Fed’s favored inflation gauge, the personal consumption expenditures price index, slightly exceeded expectations for March. This week, investors will focus on consumer confidence insights and labor market data. In the euro zone, a first-quarter GDP reading and preliminary inflation figures are expected.
