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Treasury yields extend rise after U.S. GDP reading, other economic data

Por: MarketWatch Business January 27, 2023

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Yields initially added to their rise after data showed fourth-quarter U.S. gross domestic product rose at a 2.9% annualized pace, topping expectations for a 2.8% reading, though economists cautioned the backward-looking data could mark a last gasp of solid growth. The economy is widely expected to slow sharply in 2023, with some economists arguing a recession may have already begun. Yields trimmed their rise later in the session. See: Amid... + full article



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