Treasuries cut three-day gain prior to home prices and GDP reports

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Source: Bloomberg
© Reuters/AFP

Treasuries cut a three-day rise prior to reports on home prices and GDP, that may contribute to the case for the Fed to reduce stimulus next month. The U.S. 10-year yield was stable at 2.79% as of 6:36 a.m. London time, the price of the 2.5% August 2023 note lost $0.31 per $1000 face value, to 97 16/32. The U.S. government is going to sell $35 billion of five-year notes tomorrow and $34 billion of two-year securities today.

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