Treasury yields rise as investors weigh inflation data, Fed official comments
Publishing timestamp: 2023-02-16 15:09:55
Summary
US Treasury yields were mixed on Thursday after January's wholesale prices report showed higher-than-expected inflation. The producer price index showed an increase of 0.7% in January, above the 0.4% expected. Other economic reports showed smaller than expected weekly jobless claims and a steep decline for the Philly Fed economic index. The consumer price index report for January showed that consumer inflation increased by 0.5%. The Fed has implemented eight rate increases since March 2022 in an effort to slow the economy and bring inflation down.
Sentiment: NEUTRAL
Keywords: bonds, business news, interest rates, u.s. 2 year treasury, federal reserve bank, u.s. 10 year treasury, monetary policy, inflation, treasury notes, economic events, u.s. treasury bonds, breaking news: markets, central banking, economic outlook, treasury bills,
Source: https://www.cnbc.com/2023/02/16/us-treasury-yields-investors-await-key-wholesale-inflation-data.html