TREASURIES-Yields move sideways as investors prepare for supply deluge [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Yahoo! Finance
Treasury yields were mixed in quiet trade on Monday as investors digested Friday's data showing moderating job creation last month, which validated the Federal Reserve's suggestion that the economy was not so overheated that it hold off cutting interest rates this year. This week's calendar looks much lighter than last week's, which included the Treasury's refunding plans, the Fed's policy announcement keeping interest rates on hold, and Friday's report of a smallish 175,000-job April nonfarm payroll rise that sent the yield on the two-year note skidding to a three-week low and the 10-year yield to a two-week low. With the Consumer Price Index release more than a week away, attention will turn to Treasury auctions and how a parade of Fed speakers spin last week's decision to hold rates steady while all but committing to an ease in 2024, and almost ruling out a hike, even as the economy looks robust and inflation sticky. The 2-year yield nudged up and the 10-year slipped in early
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