US yields fall despite Dec quarter GDP report

25 January 2024

 

Summary: US GDP up 0.8% (3.3% annualised) in December quarter, above expectations; US Treasury yields fall; rate-cut expectations harden; GDP price deflator rate slows from 3.2% to 2.6%. US GDP growth slowed in the second quarter of 2019 before stabilising at about 0.5% per quarter.  At the same time, US bond yields suggested future growth rates would be below trend. The US Fed agreed and it reduced its federal funds...

read full story