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US Treasurys dip lower as bond investors await Fed speeches

By dailymail / Published on Tuesday, 27 Jun 2017 14:02 PM / No Comments

A whole host of officials from the leading U.S. central bank are set to speak on Tuesday, with investors keeping an eye out for any hints as to how the U.S. economy is performing.

Philadelphia Fed President Patrick Harker is expected to be speaking at the European Economics & Financial Centre in London, where he is set to discuss international trade and the economic outlook.

Fed Chair Janet Yellen will also be in the British capital, where she is set to have a conversation about global economic issues with Lord (Nicholas) Stern, the British Academy president.

Meanwhile, Minneapolis Fed President Neel Kashkari will be at a town hall forum in Michigan.

On Tuesday, San Francisco Fed President John Williams told an audience at Macquarie University in Sydney that advanced economies could find themselves stuck with slow growth over the long-term, unless fiscal authorities do something pivotal to turn things around; Reuters reported.

Stepping aside from central bank news, the S&P/Case-Shiller Home Price Index showed home prices rose 5.5 percent in April, below the expected increase of 5.8 percent.

Other data set for release Tuesday include consumer confidence for June.