US Treasury Bonds Rise as August PCE Data Falls Short of Expectations

Sep 27, 2024

US Treasury bonds climbed early, driven by August's Personal Consumption Expenditures (PCE) price index, which came in slightly below expectations. Additionally, personal income and spending rose less than forecasted.

Buying momentum continued into the US trading hours. The announcement that Israel bombed Hezbollah's headquarters in Beirut further boosted the market's risk-averse sentiment.

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