2-year Treasury yield dips as investors look to key inflation data

U.S. Treasury yields remained stable on Friday as investors awaited the release of important inflation data before the Federal Reserve’s upcoming monetary policy meeting. The 10-year Treasury yield saw a slight increase of less than one basis point, while the 2-year Treasury yield fell by over one basis point. Investors are anticipating the release of the personal consumption expenditures price index for June, as it is the Federal Reserve’s preferred inflation measure. Economists predict that the headline PCE will be 2.5% annually and 0.1% from the previous month. This data is significant as the Fed prepares to discuss monetary policy and possible interest rate cuts at its upcoming meeting.