Treasuries settle back into ranges; Powell up next week | U.S.
Our Fixed Income Focus discusses how Treasuries settled back into ranges after a bear-steepening last week, even as equities flirted with new record highs late this week.
What you will learn:
The Treasury market finished the week mostly higher, with the larger price gains occurring at the long end of the curve, reversing part of the bear-steepening of the yield curve that occurred the previous week.
The Treasury market improved early in the week, following the prior week’s sell-off, induced in part by the record quarterly refunding.
Next week’s data calendar will includes data on new home sales, home prices, consumer attitudes and durable goods orders.