Markets Hold Steady Ahead of Key Data as Powell Probe Steals Spotlight
U.S. Treasury yields were broadly flat as markets awaited the November Producer Price Index, December retail sales, and December existing home sales data, after December CPI rose 2.7% year over year. The 10-year yield hovered near 4.16%, the 2-year around 3.52%, and the 30-year about 4.82%. Separately, Fed Chair Jerome Powell faces a criminal investigation linked to the $2.5 billion renovation of the Fed HQ, renewing concerns about central-bank independence, though global policymakers defended independence.
