The 2-year Treasury yield decreases due to investor concerns about the economic future.

On Wednesday, U.S. Treasury yields were lower due to investors evaluating the economic outlook following the latest data releases.

Nearly 3 basis points down, the was at 3.816%. Over 5 basis points back, the was at 3.836%.

An inverse relationship exists between yields and prices, with one basis point equivalent to 0.01%.

The latest economic data was analyzed by investors to assess its impact on the U.S. economy.

The manufacturing production insights published on Tuesday revealed concerns about an economic slowdown in the U.S., fueled by weakness in the sector. This data comes just weeks after recession fears and questions about whether the Federal Reserve should have already started cutting interest rates were prevalent in markets.

The concerns that arose from the July jobs report's unexpected weakness have been somewhat alleviated by recent economic data releases, including a 3% GDP growth rate in the second quarter.

This week, the August jobs report will be released on Friday, and investors will analyze it for insights on the labor market. Additionally, JOLTs job openings figures will be published on Wednesday, and ADP's employment change report will be released.

The Fed will announce its latest interest rate decision later this month, and markets are anticipating a rate cut. However, traders are still uncertain about the size of the cut.

On Wednesday, investors will closely monitor the release of factory orders and trade statistics.