Source: CNBC
“U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve’s meeting. … Investors are hoping to get fresh guidance about the outlook for interest rates as questions about when rates will be cut and how many cuts could come this year have been top of mind. Markets had been hoping that rates would be cut as soon as June, but this timeline has since moved to September after recent economic data has suggested that inflation is persistent and the economy remains resilient.” (04/30/24)
https://www.cnbc.com/2024/04/30/treasury-yields-rise-ahead-of-fed-meeting.html