Treasury Yields Dip Despite GDP Meeting Expectations
This article was originally published on ETFTrends.com.
Despite the U.S. gross domestic product meeting economic forecasts with a 4.1 percent growth rate in the second quarter, Treasury yields fell today with the benchmark 10-year Treasury down to 2.962 as of 2:00 p.m. ET. Similarly, the 30-year Treasury yield dropped down to 3.089. Historically, strong GDP numbers are a precursor to higher yields, [...]