By Matt Tracy
Oct 27 (Reuters) - U.S. Treasury yields rose on Friday
following a slew of economic data, as traders weighed their
impact on the Federal Reserve's rate path.
Long-term Treasury yields ticked up on Friday, after data
showed economic growth and core PCE, a key inflation metric,
rose in line with expectations.
The yield on 10-year Treasury notes was up 1.3
basis points to 4.858%.
The yield on the 30-year Treasury bond was up
2.8 basis points to 5.016%.
A closely watched part of the U.S. Treasury yield curve
measuring the gap between yields on two- and 10-year Treasury
notes , seen as an indicator of economic
expectations, was at -18.2 basis points.
The two-year U.S. Treasury yield, which typically
moves in step with interest rate expectations, was down 0.2
basis point at 5.037%.
Personal income across U.S. households increased by $77.8
billion in September 2023, with a 0.3% month-to-month increase.
Personal spending rose by $138.7 billion, or 0.7%, showing
resilient demand despite higher borrowing costs.
In addition, inflation remained stable but persistent in
September, with the Core PCE price index increasing by 0.3%.
Yields have rallied this month as the market assesses the
odds of a coming recession, after recent hawkish comments by Fed
Chair...
