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US Treasury yields fluctuate ahead of Powell remarks; GDP data looms

Gross domestic product (GDP) figures are due out at 8:30 a.m. ET. In addition to this, mortgage applications are due out at 7 a.m. ET, followed by new home sales and the Richmond Fed's manufacturing survey at 10 a.m. ET. The U.S. Treasury is scheduled to auction $32 billion in seven-year notes and $18 billion in two-year floating rate notes (FRNs).