10-year Treasury yield closes out week below 3.9% after cool inflation data
Publishing timestamp: 2023-12-22 08:58:44
Summary
The 10-year Treasury yield is expected to finish the week below 3.9% due to new inflation data showing cooling price pressures. The yield on the 10-year Treasury note remained flat at 3.88%, while the yield on the 30-year Treasury bond declined slightly to 4.02%. The core personal consumption expenditures price index, a key inflation metric, increased 0.1% for November, slightly below expectations. Economists believe that the Federal Reserve may begin cutting rates as early as March, leading to a decline in Treasury yields.
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Source: https://www.cnbc.com/2023/12/22/10-year-treasury-yield-falls-slightly-on-shorter-trading-day.html