Treasury yields rise after CPI gains 6.4% from a year ago
Publishing timestamp: 2023-02-14 11:18:45
Summary
Treasury yields rose on Tuesday as investors assessed the Federal Reserve's tightening path in light of the latest consumer price index report. The CPI rose 0.5% for the month, translating to an annual gain of 6.4%. BMO's Ben Jeffery noted that the CPI report was an "as-expected print" and that the high level of inflation combined with the state of the labor market should add credence to the ongoing tightening narrative. Investors will be scanning for fresh hints about the Fed's monetary policy and expectations for the economy from central bank officials.
Sentiment: NEUTRAL
Keywords: interest rates, bonds, business news, u.s. 10 year treasury, central banking, inflation, u.s. treasury bonds, united states, consumer prices, treasury bills, federal reserve bank, breaking news: markets, treasury notes, u.s. 2 year treasury, economic events,
Source: https://www.cnbc.com/2023/02/14/us-treasury-yields-investors-await-consumer-inflation-data.html