10-year Treasury yield rises above 4.06% after higher-than-expected December CPI
Publishing timestamp: 2024-01-11 10:15:59
Summary
The 10-year U.S. Treasury yield rose above 4.06% after a higher-than-expected inflation reading. This pushed expectations for an interest rate cut from the Federal Reserve further out. The December consumer price index came in hotter than expected, but core inflation remained in line with expectations. The Federal Reserve had previously stated it was expecting to cut rates three times this year, but there is uncertainty about the direction of interest rates. Many investors are hoping for more rate cuts than the Fed is anticipating. The article concludes by mentioning that the producer price index, which tracks inflation on the wholesale level, will be released on Friday.
Sentiment: NEUTRAL
Keywords: treasury notes, breaking news: markets, treasury bills, u.s. economy, prices, government debt, u.s. treasury bonds, economic outlook, economy, interest rates, u.s. 2 year treasury, markets, business news, inflation, world economy, central banking, economic events, u.s. 10 year treasury, monetary policy, bonds,
Source: https://www.cnbc.com/2024/01/11/us-treasury-yields-ahead-of-consumer-inflation-report.html