10-year Treasury yield spikes above 4.3% after hot producer prices report
Publishing timestamp: 2024-02-16 12:27:45
Summary
The article discusses how U.S. Treasury yields climbed after January wholesaler prices came in higher than expected. The yield on the 10-year Treasury reached 4.31%, above the closely watched 4.3% level. The 2-year Treasury yield also rose. The article mentions other economic data releases, such as the producer price index and retail sales figures, which have been closely watched by investors trying to predict future inflation and monetary policy. There is uncertainty about when interest rate cuts will take place and how many there will be this year. Federal Reserve officials have stated that their decision-making will be data-led.
Sentiment: NEUTRAL
Keywords: treasury bills, prices, u.s. 2 year treasury, u.s. 10 year treasury, business news, economic outlook, u.s. treasury bonds, economic events, government debt, u.s. economy, treasury notes, bonds, economy,
Source: https://www.cnbc.com/2024/02/16/us-treasury-yields-as-investors-weigh-latest-economic-data.html