MARKETS
The yield on the benchmark 10-year Treasury note rose just over 8 basis points to 2.904%, while the yield on the 30-year Treasury bond traded up 5 basis points to 3.158%. The yield on the shorter-term 2-year Treasury note was last up more than 10 basis points at 3.352%.
The U.S. dollar also gained on Wednesday as it reached a session high against key currencies after data showed that U.S. consumer spending was steady in July.
Takeaway…
Economists are forecasting easing Fed Actions from recent favorable Government Report data
