Bond yields inch up ahead of key data on inflation expectations


Bond yields rose slightly on Friday, ahead of data that will show high inflation feared by US consumers.

What is happening
  • 2-year Treasury yield TMUBMUSD02Y,
    3.046%
    rose 1 basis point, to 3.04%. Yields move in the opposite direction to prices.

  • 10-year Treasury yield TMUBMUSD10Y,
    3,107%
    rose 2 basis points, to 3.11%.

  • The 30-year Treasury yield TMUBMUSD30Y,
    3,215%
    rose 1 basis point, to 3.22%.

What is driving the market

The University of Michigan Consumer Sentiment Index and new home sales data will be released at 10 a.m. East.

Federal Reserve Chairman Jerome Powell said the central bank realized the rise in inflation expectations revealed in the preliminary publication of the University of Michigan survey, which contributed to the decision to raise interest rates by 75 basis points instead of 50 basis points. month.

Market-derived inflation expectations have fallen, due to concerns that the Fed will harden as much as to trigger a recession. The 10-year TIPS yield fell to 0.59% on Thursday, from 0.89% last week.



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