U.S. Treasury yields dropped on Thursday while investors anticipated crucial economic data that could impact Federal Reserve monetary policy. The 10-year Treasury yield was down over five basis points to 4.2349%, and the 2-year Treasury yield lowered by over five basis points to 4.3585%. Investors were watching for data on durable goods orders, weekly initial jobless claims, and a preliminary reading of second-quarter U.S. gross domestic product. Additionally, the personal consumption expenditures price index, set to release on Friday, may influence the Fed’s decision-making on interest rates.
