2-year Treasury yield tumbles after June CPI is less than expected
Publishing timestamp: 2023-07-12 13:59:02
Summary
Treasury yields dropped after a June inflation report showed easing in prices. The 2-year Treasury slid by 15 basis points and the 10-year Treasury yield fell by more than 12 basis points. The consumer price index increased 3% from a year ago, the lowest level since March 2021. Fed officials have suggested that interest rates may need to be hiked further to ease pressures from rising prices. Markets are expecting a rate hike at the next meeting, and investors will be following remarks from Fed speakers for hints about the policy outlook.
Sentiment: NEUTRAL
Keywords: monetary policy, u.s. 2 year treasury, interest rates, breaking news: markets, treasury bills, bonds, u.s. economy, markets, inflation, government debt, u.s. 10 year treasury, central banking, prices, treasury notes, neel kashkari, business news, u.s. treasury bonds, economic events, federal reserve bank,
Source: https://www.cnbc.com/2023/07/12/us-treasury-yields-investors-await-key-inflation-data.html