As investors ponder the economy's condition, treasury yields rise slightly.
On Wednesday, U.S. Treasury yields were slightly higher due to investors' evaluation of economic data and the economy's condition.
The yield on the increased by 1 basis point to 3.753%.
Prices and yields move in opposite directions, with one basis point equal to 0.01%.
The Federal Reserve's announcement of interest rate cuts has caused investor attention to shift towards the state of the U.S. economy. As a result, economic data points will be closely monitored in the coming days and weeks to assess the potential impact of a slowdown on the economy.
In September, consumer confidence reached its lowest point in over three years, with a reading of 98.7, a decrease from August's 105.6 and below the predicted Dow Jones estimate of 104.
Before the release of new home sales figures for August, durable goods orders data, weekly initial jobless claims, and a final second-quarter gross domestic product reading are scheduled for Thursday.
This week, investors will receive updates from Fed officials, including Chairman Jerome Powell, on the outlook for monetary policy and the economy.
The Fed's preferred inflation measure, the latest personal consumption expenditures price index, will be released at the end of the week.
Markets
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