U.S. Treasury yields tick lower as investors assess inflation data
Publishing timestamp: 2024-01-12 12:01:01
Summary
Treasury yields declined as investors analyzed the latest U.S. inflation reading and speculated on potential interest rate cuts. The 10-year Treasury note yield decreased by 2 basis points to 3.956%, while the 2-year Treasury yield dropped over 10 basis points to 4.152%. Data released on Friday showed a surprise decline in wholesale prices in December, which gave investors optimism about inflation. This follows the release of consumer prices data on Thursday, which indicated a slight increase in prices. Some investors were hoping for more rate cuts from the Federal Reserve, but the latest figures have raised doubts.
Sentiment: NEUTRAL
Keywords: economic events, treasury bills, united states, bonds, prices, u.s. 10 year treasury, breaking news: markets, government debt, treasury notes, business news, markets, u.s. 2 year treasury, u.s. economy,
Source: https://www.cnbc.com/2024/01/12/us-treasury-yields-in-focus-as-investors-assess-inflation-data.html