Treasury yields hold steady as investors look to fresh data

Economic data due throughout the week could indicate how the economy is faring and may inform Federal Reserve policymakers' thinking ahead of their meeting on April 30-May 1.

That includes the Fed's preferred inflation measure, the personal consumption expenditures price index for March on Friday, as well as a reading of the gross domestic product in the first quarter. On Tuesday, new home sales data for March is expected. Economists polled by Dow Jones are expecting a 1.2% rise for the month after the figure had declined 0.3% in February.

Investors will be assessing this week's data for clues about whether the economy is continuing to prove resilient and whether inflationary pressures remain sticky. If this is the case, the figures could add to concerns about interest rates remaining higher for longer and there being fewer rate cuts than expected this year, or even none at all.

Fed policymakers have in recent weeks suggested that there is no rush to cut interest rates and have repeatedly said that rate cuts would begin only when they are confident that the economy is easing.

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