The consumer price index rose 0.5% in January, and is up 3.0% over the last 12 months, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting a monthly rise of 0.3% and a 2.9% increase year over year. Core CPI, which excludes volatile food and energy prices, rose 0.4% for … Read more
U.S. Treasury yields were higher on Friday following the release of key January jobs data. The 10-year Treasury yield rose about four basis points to 4.475%. The 2-year Treasury yield was last at 4.252% after rising by four basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. The … Read more
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images As if the bond rout in 2024 wasn’t bad enough, fixed income investors face multiple challenges in the year ahead, including one under-the-radar worry about short term notes coming due. Nearly $3 trillion of U.S. debt is … Read more
Treasury yields fluctuated on Tuesday in a holiday-shortened trading session ahead of the Christmas break. The yield on the 10-year Treasury turned flat at 4.594% after gaining 3 basis points to 4.613%, hitting its highest level since May 30. The benchmark rate climbed 6 basis points on Monday. The 2-year Treasury was also little changed at 4.341%, … Read more