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 Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.626%. The 10-year rate hit a high of 4.641% in the previous session, hitting its highest level since May. The 2-year Treasury was fractionally lower at 4.318%. One basis point is equal … 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