Published • loading... • Updated
10-year Treasury yield jumps as September core inflation comes in hotter than expected
The benchmark 10-year yield fell 2 basis points as traders awaited a CPI report expected to show 3.6% annual inflation.
- On Wednesday, Treasury yields inched lower as investors awaited the September CPI report, with the benchmark 10-year yield falling 2 basis points to 5.195%.
- Economists polled by Dow Jones expect Headline inflation to rise 0.6% monthly and 3.6% annually, while Core inflation is projected to increase 0.2% from August and 2.5% on an annual basis.
- Investors also await the September reading for the producer price index, retail sales data, and initial jobless claims figures, all scheduled for release on Thursday.
- Yields above 5.30% raise the bar for risk assets, as Holders of REITs and utility stocks see their dividend yields look less attractive against risk-free Treasury income.
- Deutsche Bank analysts noted Wednesday that the CPI comes two weeks before the Federal Reserve's next interest rate decision, with price growth accelerating away from the Fed's 2% target.
Insights by Ground AI
11 Articles
11 Articles
Associated Press News+5 Reposted by 5 other sources
US stocks slip as inflation gets worse
Worries about worsening inflation are pulling the U.S. stock market further from its record. The S&P 500 slipped 0.4% Wednesday and was on track for a fifth loss in the
·New York, United States
Read Full Article
Coverage Details
Total News Sources11
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
To view factuality data please Upgrade to Premium
