Treasuries Steady After Selloff Ahead of GDP and Inflation Data.

Treasuries experienced gains after a recent selloff, as investors awaited US growth and inflation data to gain insight into the state of the economy. The yield on 10-year notes decreased slightly ahead of the release of revised first-quarter gross domestic product figures, which are expected to be lower than initial estimates. The market had previously seen a significant decline due to weak bond auctions and hawkish comments from Federal Reserve officials. While there may be a temporary consolidation and lower yields, if inflation exceeds expectations, interest rates may need to remain higher for a longer period of time. [Extracted from the article]