Tuesday, January 25, 2022
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    Treasury yields rise as investors look at inflation data

    US Treasury yields rose Monday morning as investors focused on inflation data and Senate testimony by Federal Reserve Chairman Jerome Powell.

    Benchmark yield 10-year government bond Added 2 basis points, rising to 1.7975% at 4:15 EST.Yield 30-year government bond It increased by 3 basis points to 2.1469%. Yields are inversely proportional to price, and one basis point corresponds to 0.01%.

    Powell’s nomination hearing in the Senate is scheduled for Tuesday at 10 am ET. A hearing for the appointment of Federal Reserve Board Lael Brainard to the post of Vice-Chair of the Central Bank will take place Thursday at 10 am.

    The December Consumer Price Index is scheduled for Wednesday at 8:30 am ET, and last month’s Producer Price Index is scheduled for Thursday at 8:30 am ET. High inflation could cause the Fed to raise interest rates early.

    Stephen Isaacs, Chairman of the Investment Committee of Arba’in Capital, said CNBC’s “Squaw box europe“On Monday, the Fed was” desperately lagging behind “in monetary policy moves.

    Stock Selection and Investment Trends from CNBC Pro:

    “People were wondering that the Fed seemed to be doing a huge pivot, but it’s pretty simple. Powell was waiting for his work to be confirmed,” he said. Stated.

    The federal funds rate is likely to reach 2%, according to Isaacs, with a forecast of three to four rate hikes in 2022 and then three more in 2023. That is. Isaacs predicted a 10-year Treasury yield of 3%. He believed that this would help manage inflation, but he didn’t think it would “suppress growth.”

    There are no major data releases scheduled for Monday.

    The auction is scheduled to take place on Monday, with a 13-week invoice of $ 60 billion and a 26-week invoice of $ 51 billion.

    Treasury yields rise as investors look at inflation data

    Source link Treasury yields rise as investors look at inflation data

    The post Treasury yields rise as investors look at inflation data appeared first on Eminetra.

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