Treasury yields increase by an inch as investors turn to Fed meetings

Date:

Treasury yields rose on Tuesday morning ahead of the Federal Reserve’s December policy meeting.

Benchmark yield 10-year government bond Added one basis point, rising to 1.4326% at 3:30 EST.Yield 30-year government bond There was almost no movement at 1.8145%. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.

The Federal Reserve will launch its latest monetary policy meeting on Tuesday, where it is expected to discuss accelerating the tapering of bond purchase programs. The meeting concludes Wednesday afternoon with a press conference with Federal Reserve Chairman Jerome Powell.

On the data side, the November Producer Price Index will be released on Tuesday at 8:30 EST. Dow Jones estimates that economists expect prices to rise 0.5% that month.This is a little slow down From a 0.6% increase in October.

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This follows Friday’s hot inflation report, November consumer price index rises 6.8% Year-over-year, it represents the largest increase since 1982.

No auction will be held on Tuesday.

— — CNBC’s Pippa Stevens contributed to this market report.

Treasury yields increase by an inch as investors turn to Fed meetings

Source link Treasury yields increase by an inch as investors turn to Fed meetings

The post Treasury yields increase by an inch as investors turn to Fed meetings appeared first on Eminetra.

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