Treasury yields rose on Wednesday as investors digested key economic data that showed hot price pressures and an unexpected contraction in the U.S. economy.
The benchmark yield inched up 2 basis points to 4.19%. The was little changed at 3.66%.
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WATCH HEREOne basis point is equivalent to 0.01% and yields move inversely to prices.
Gross domestic product, a sum of all the goods and services produced from January through March, fell Economists surveyed by Dow Jones had been looking for a gain of 0.4% after GDP rose by 2.4% in the fourth quarter of 2024.
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SIGN UP Traders seemed to focus on the inflation readings in the GDP report. The personal consumption expenditures price index, the Fed's preferred inflation measure, posted a 3.6% gain for the quarter, up sharply from the 2.4% increase in Q4. Excluding food and energy, core PCE was up 3.5%.
Investors have also been monitoring the latest tariff developments with some relief as Trump appears to be willing to negotiate on tariffs with trade partners.
Commerce Secretary Howard Lutnick on Tuesday that the White House would soon announce a trade deal, but the country wasn't named. Trump also said later that are "coming along great" and a deal would be reached soon.
Money Report
Trump also , signing an executive order on Tuesday that would reduce the overall level of duties on vehicle imports that had been affected by separate levies "stacking" on top of each other.
