Treasury Yields Steady After Rising Following Strong GDP Data

Core Viewpoint - U.S. Treasury yields remained stable during a holiday-shortened week, reversing much of the previous rise after the U.S. economy reported a 4.3% annual growth rate in Q3 [1] Group 1: Economic Data Impact - The reported 4.3% annual growth in the U.S. economy for the third quarter contributed to a rise in two-year Treasury yields, reaching a 13-day high of 3.559% [1] - Investors adjusted their expectations regarding a potential interest-rate cut in January following the economic data release [1] Group 2: Market Sentiment - The economic data is considered backward-looking, prompting traders to remain vigilant for indicators of a weakening job market and slowing inflation [1]