U.S. Treasury Yields Fluctuate Amid Anticipation of Inflation Data
TL;DR Summary
The 10-year Treasury yield dropped by 5 basis points to 4.38% following a consumer price index report that met expectations, indicating a 0.2% monthly and 2.6% annual inflation increase. Investors are also anticipating upcoming producer price index data and a speech by Fed Chair Jerome Powell for insights into future monetary policy. Despite recent market sensitivity due to the election and rate cuts, the focus remains on economic indicators like retail sales and industrial production.
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