Saturday, September 18, 2021

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    Treasury yields are mixed according to inflation data

    Treasury yields were mixed Wednesday morning, following data showing lower-than-expected inflation.

    Benchmark yield 10-year government bond At 3:50 am ET, it rose to 1.28% below the basis point.Yield 30-year government bond It fell by almost 1 basis point to 1.845%. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.

    Yields for 10 years on Tuesday fell to 1.277%. August Consumer Price Index It increased by 5.3% from the previous year, which was lower than the expected 5.4%. Core CPI rose only 0.1% month-on-month in August, below the expected 0.3% rise.

    Willemselus, chief investment officer of HSBC’s private banking and wealth management, said on Tuesday that the data “inflation does not seem to accelerate any further, so the federal government takes a step-by-step approach to policy normalization. It should provide some relief that you can take it. ” And tapering. “

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    Inflation is expected to fall by the end of the year, partly because “the effects of commodity prices will deflate near the end of the year,” Sels said.

    “But there is uncertainty about the rate and extent of the decline as many variables affect inflation,” he added, noting the increasing spread of delta variants and supply chain problems.

    For economic data released Wednesday, August import and export prices will be released at 8:30 EST. After that, August industrial production data will be released at 9:15 EST.

    An auction will take place on Wednesday, with $ 30 billion of the 119-day invoice sold.

    Treasury yields are mixed according to inflation data

    Source link Treasury yields are mixed according to inflation data

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