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
Keywords: u.s. 10 year treasury, treasury bills, u.s. treasury bonds, inflation, economic events, treasury notes, jerome powell, interest rates, u.s. 2 year treasury, government debt, bonds, business news, u.s. economy, prices, medium term notes, monetary policy,
Source: https://www.cnbc.com/2024/05/15/us-treasurys-ahead-of-fresh-consumer-inflation-figures.html