Treasury Yields Drop Ahead of Inflation Data; GDP Growth Supports High Rates Outlook
- Treasury yields decline ahead of PCE inflation data
- 4Q GDP growth estimates at 3.2%, supporting view of prolonged high interest rates
- Markets pricing in first Fed rate cut in June, but outlook remains uncertain
- Core PCE inflation for January expected at 2.8% tomorrow, slight slowdown
- 10-year Treasury yield at 4.279%, 2-year at 4.671%
