10-year Treasury yield trades around 1.5%, lowest since March

Yields for the 10 and 30-year U.S. Treasurys Wednesday morning slid to their lowest levels at least three months as investors awaited an auction of benchmark debt later in the session and watched trading in Europe, ahead of policy meetings of the ECB on Thursday.

What’s driving debt market? For U.S. government debt markets the May reading of the U.S. consumer-price index due on Thursday morning is expected to be the main event of the week. A hotter-than-expected April CPI reading, which showed prices rose 4.2% year-over-year, briefly rattled markets last month.

The U.S. economic calendar is light Wednesday, featuring April wholesale inventories at 10 a.m. Eastern.In Europe, investors are betting that the European Central Bank won’t slow the pace of its pandemic emergency bond purchases. Traders will be looking closely for clues about eurozone monetary policy plans and the potential for that to inform the Fed.

thanks

I curse the Federal Reserve，they robbing everyone naked of their wealth. They serve big corporations and Wall Street. And the poor are worrying about rent and bread! I curse them deeply, they will go to hell!

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