10-year Treasury yield declines despite hot wholesale inflation data
Publishing timestamp: 2023-10-11 09:40:52
Summary
The 10-year U.S. Treasury yield fell as investors analyzed wholesale inflation data that was higher than expected. The yield hit its lowest level since September, while the 2-year Treasury yield was slightly higher. The release of the producer price index, which showed a rise in wholesale inflation, caused yields to come off their lows. There is uncertainty about whether the central bank will hike rates further, with mixed opinions from policymakers. The release of the minutes from the last Fed meeting could provide more insights into the monetary policy outlook. The Israel-Hamas war also influenced investors to invest in safer Treasurys, pushing yields lower.
Sentiment: NEUTRAL
Keywords: economy, central banking, bonds, u.s. economy, business news, treasury bills, u.s. 2 year treasury, breaking news: markets, economic outlook, interest rates, neel kashkari, prices, u.s. treasury bonds, monetary policy, u.s. 10 year treasury, government debt, treasury notes, federal reserve bank,
Source: https://www.cnbc.com/2023/10/11/us-treasurys-investor-attention-turns-to-key-inflation-reports.html