US Treasury Yields Today: 10-Year Yield Falls as Oil Prices Drop Ahead of Inflation Data
The 10-year Treasury yield fell more than 5 basis points as traders awaited Wednesday’s inflation report and watched oil prices decline.
- Bond yields fell on Tuesday as investors prepared for key economic data, reflecting market anticipation ahead of the latest inflation print.
- Treasury markets reopened Tuesday following the Columbus Day holiday, as borrowing costs fell while investors gauged the brokered so-called 'energy ceasefire' between Russia and Ukraine lowering West Texas Intermediate prices.
- The 10-year Treasury note yield fell more than 5 basis points to 5.1937%, while the 2-year note fell more than 2 basis points to 4.7658%; longer-dated 30-year Treasurys dropped 4 basis points to 5.5580%.
- Annual inflation is expected to reach 3.7% today, rising from the 3.4% print, as Consumer prices excluding food and energy are expected to rise to 2.5% from 2.4%.
- Investors look ahead to tomorrow, when the monthly producer price index and retail sales data will follow the inflation print, offering insight into the Federal Reserve interest rate trajectory.
11 Articles
11 Articles
US bond returns declined during today's Wednesdays, with inflation data expected for September, looking for new indicators of interest-rate path. Consumer price index data are scheduled to be released later Wednesday, amid projections of an annual rise of 3.6% during September, compared to 3.4% in August.
U.S. Treasury yields saw a limited pullback on Wednesday as investors adopted a cautious stance ahead of key consumer inflation data to be released later in the day.
US bond yields fell slightly on Wednesday. Investors also await the latest US inflation data later in the day. Ten-year yields fall 2 basis points The 10-year US Treasury yield fell 2 basis points to 5.195%. The 30-year yield fell 1 basis point to 5.549%. The two-year yield fell 2 basis points to 4.772%. Inflation drives expectations New consumer price data will provide additional insight into inflationary pressures.
Headline inflation is expected to increase by 0.6% on a monthly basis and by 3.6% on an annual basis.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
