Treasury yields fall for the first time this week, but remain higher than last Friday’s settlement.
There were no data surprises to support this week’s run, which seemed to reflect expectations that the Fed won’t be able to cut interest rates at a faster pace.
Weekly jobless claims and new home sales data today underpinned the notion that the U.S. economy remains in solid footing. September durable goods orders, due tomorrow, are expected to decline, in a Wall Street Journal survey.
The 10-year falls 0.039 percentage point to 4.201% and the two-year loses 0.020 p.p. to 4.065%.