Reported 12 months ago
In the second quarter of 2024, U.S. bond yields experienced fluctuations with rates climbing for the second consecutive quarter. Despite a decrease in the Personal Consumption Expenditures (PCE) inflation in May, bond yields remained high due to other positive economic indicators like the surge in the Chicago Purchasing Managers' Index (PMI) and the final Michigan University Consumer Confidence Survey. Analysts suggest that traders may have rushed to settle positions at the end of the month and quarter, leading to selling pressure and offsetting the optimistic sentiment caused by the decrease in PCE inflation.
Source: YAHOO