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Treasury yields steady before PCE report and Micron full-year results

  • Treasury yields stabilized again ahead of two major market events.
  • Micron planned its full-year results announcement for the afternoon after the morning PCE report.
  • Stock futures were mixed before the scheduled releases.

Treasury yields stabilized again after recently setting fresh multidecade highs later in the day. Markets were focused on the morning PCE inflation report and Micron’s afternoon announcement of full-year results, with stock futures mixed ahead of both events. PCE, or personal consumption expenditures, is a closely watched measure of inflation.

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