10-year Treasury yield tumbles below 3.44% after producer prices decline by more than expected
Publishing timestamp: 2023-01-18 12:59:11
Summary
Yields on US Treasury notes and bonds fell on Wednesday as December's producer price index showed a larger-than-expected decline, hinting that inflation may have reached its peak. Traders are uncertain as to whether the Federal Reserve will increase rates by 25 or 50 basis points at its next meeting, and four Federal Reserve officials are set to deliver speeches Wednesday.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2023/01/18/treasury-yields-fall-as-traders-assess-data-fed-outlook.html