Treasury yields fall for 10 years as investors digest inflation gauges, Fed updates

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The 10-year Treasury yield fell on Friday after the Federal Reserve’s key inflation gauge rose in the fastest clip since December 1983.

Benchmark yield 10-year government bond It fell 2.8 basis points to 1.78% at around 11:50 EST.Yield 30-year government bond It was flat at 2.089%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.

December Consumer Expenditure IndexThe Federal Reserve’s main inflation indicator, a 4.9% increase from a year ago, the Commerce Department reported Friday. This was the greatest profit dating back to September 1983.

The consumer spending price index, excluding food and energy, was slightly above Dow Jones’ estimated 4.8%. The monthly increase of 0.5% was as expected.

Investors are closely watching the data, given what the Federal Reserve has since shown. Latest policy meeting This week, we may start raising interest rates in March to help curb inflation.

Stock Selection and Investment Trends from CNBC Pro:

— CNBC’s Maggie Fitzgerald contributed to this report.

Treasury yields fall for 10 years as investors digest inflation gauges, Fed updates

Source link Treasury yields fall for 10 years as investors digest inflation gauges, Fed updates

The post Treasury yields fall for 10 years as investors digest inflation gauges, Fed updates appeared first on Eminetra.

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