Treasury yields hold steady as investors look to fresh data

U.S. Treasury yields remained stable on Tuesday as investors anticipated new economic data that could provide insights into the state of the economy. Yields on the 10-year and 2-year Treasury were almost unchanged, with the former at 4.6189% and the latter at 4.9805%. Economic data expected this week includes the personal consumption expenditures price index for March and a reading of the first-quarter gross domestic product, both of which could influence Federal Reserve policymakers’ decisions. New home sales data for March is also anticipated, which economists forecast to rise by 1.2% following a 0.3% decline in February. Investors will scrutinize the data for indications of the economy’s resilience and inflationary pressures.