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Treasury yields drop after cool monthly consumer inflation data - TL;DR CNBC

Treasury yields drop after cool monthly consumer inflation data

Publishing timestamp: 2024-05-15 13:03:08


Summary

U.S. Treasury yields fell after consumer inflation data came in softer than expected, potentially signaling a path towards lower borrowing costs sooner rather than later. Federal Reserve Chair Jerome Powell suggested patience is needed as inflation remains higher than anticipated.


Sentiment: NEUTRAL

Tickers: US2YUS10Y

Keywords: u.s. 10 year treasurytreasury billsu.s. treasury bondsinflationeconomic eventstreasury notesjerome powellinterest ratesu.s. 2 year treasurygovernment debtbondsbusiness newsu.s. economypricesmedium term notesmonetary policy

Source: https://www.cnbc.com/2024/05/15/us-treasurys-ahead-of-fresh-consumer-inflation-figures.html


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