Treasuries rise with yield falling to 4.253%; concerns about Fed independence amid Trump's replacement

From Nasdaq: 2025-06-26 15:21:00

Treasuries rose on Thursday, with the ten-year yield falling to 4.253 percent, the lowest in two months. Concerns about Fed independence grew as Trump considers announcing Powell’s replacement early. Jobless claims unexpectedly decreased to 236,000, while durable goods orders spiked by 16.4 percent in May, surpassing expectations. The U.S. economy shrank by 0.5 percent in Q1 2025, more than previously estimated. Friday trading may be influenced by a report on personal income and spending, including consumer price inflation data.



Read more at Nasdaq: Treasuries Move Higher Amid Concerns About Fed’s Independence