Prices had surged Thursday after softer than expected CPI and Philly Fed data increased market speculation that the FOMC will suggest a softer policy trajectory at Tuesday's meeting, says Action Economics.
Markets & Finance
Treasuries Turn Lower
After Thursday's windfall gains, the bond market retreated on Friday as bulls moved to the sidelines ahead of the weekend and next week's Federal Open Market Committee meeting, despite weaker than expected consumer sentiment data, says Action Economics. The yield on the 10-year note rose to 4.13% from roughly 4.07%.