"Treasury Yields Slip Amid Economic Data and Global Market Trends"

U.S. Treasury yields fell as investors assessed economic data and the state of the economy, with the 10-year Treasury yield down nearly 3 basis points at 4.27%. Data on new home sales and upcoming reports on GDP, durable goods orders, home prices, and consumer confidence are being closely watched for insights into the economy's performance and potential impact on Federal Reserve interest rate decisions, particularly in light of persistent inflation concerns. Market expectations for the first rate hike have shifted from as early as March to June based on recent Fed comments and economic data.