Tuesday, January 25, 2022

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    Treasury yields are rising, focusing on hawkish Fed comments

    Treasury yields rose Friday morning as investors continued to focus on hawkish comments from Federal Reserve officials.

    Benchmark yield 10-year government bond It rose 3 basis points to 1.7398% at 4:30 EST.Yield 30-year government bond Moved 2 basis points higher to 2.0796%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.

    Thursday, Philadelphia Federated Bank Governor Patrick Harker CNBC’s “Closing bell“He believed that interest rates would be raised three or four times this year.

    Earlier that day, Chicago Fed Governor Charles Evans said he saw three interest rates as the most likely this year, but would accept more.

    These developments follow the release of key inflation data. The December producer price index, released Thursday morning, rose 0.2% month-on-month, slightly below economists’ forecast of 0.4%.

    However, the December consumer price index, released Wednesday, showed a 7% year-on-year increase. This represents the fastest increase in the 12 months since 1982.

    Peter Toogood, Chief Investment Officer of Embark Group, said CNBC’s “Squaw box europe“On Friday, the Fed said in a more hawkish comment,” it’s just realistic now, “in the midst of rising price pressures.

    He hoped that Fed would “probably try to discuss bonds, as opposed to taking the necessary actions inevitably, and perhaps an open-mouthed operation would help stop a very sharp curve. I have. “

    10-year yields have skyrocketed since the beginning of the year amid concerns over the Fed’s monetary tightening policy.

    Stock Selection and Investment Trends from CNBC Pro:

    More economic data will be released on Friday, and retail sales in December are expected to come out at 8:30 EST. According to estimates compiled by Dow Jones, economists expect printed matter to fall 0.1%. November sales increased 0.3%, slower than economists expected 0.9%.

    Industrial production data for December will be released at 9:15 AM Eastern Standard Time.

    The University of Michigan will release preliminary consumer sentiment data at 10 am EST in January.

    There are no auctions scheduled for Friday.

    — — Jeff Cox and Pippa Stevens of CNBC contributed to this market report.

    Treasury yields are rising, focusing on hawkish Fed comments

    Source link Treasury yields are rising, focusing on hawkish Fed comments

    The post Treasury yields are rising, focusing on hawkish Fed comments appeared first on Eminetra.

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