Treasury yields rise after two-day slide
Publishing timestamp: 2023-07-14 12:57:07
Summary
The article discusses the increase in U.S. Treasury yields after two days of sharp declines. The rise in yields is attributed to cooler-than-expected consumer and wholesale inflation prints. The article also mentions the weaker-than-expected producer price index and consumer price index for June. It notes that the Federal Reserve officials have emphasized the ongoing battle against inflation and that the market is anticipating a quarter-point interest rate hike at the central bank's next meeting. The article concludes by mentioning upcoming data on June import prices and the University of Michigan consumer sentiment report.
Sentiment: NEUTRAL
Tickers: US5Y, US2Y, US30Y, BND, AGG, US10Y,
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