The U.S. 10-year U.S. Treasury note yields only 29 basis points higher than the lowest point in the history. Outsiders guess that the Fed Chairman Ben Bernanke will point out the United States needs more measures to enable the economy to recover in a press conference this week.
The U.S. Treasury yields have declined for the five consecutive week, which marked the longest period since June last year. A number of indicators suggest that the slowdown in economic growth and European debt crisis have prompted an increase in the demand for the relatively safe U.S. Treasuries. The Fed policy-making committee plans to hold a conference two days later, and release a statement through the conference. Bernanke is also scheduled to hold a press conference on April 25. Last month, Bernanke said the U.S. unemployment rate was too high.
The 72 economists polled by Bloomberg on average forecast the first quarter U.S. gross domestic product (GDP) annual growth rate will be 2.5 percent while the GDP growth was 3 percent in the previous three months. The U.S. Commerce Department will announce this data on April 27.
The U.S. Department of Labor reported on April 6 that the number of job growth in March had declined from February’s 240,000 to 120,000.