U.S. Treasury Yields Rise Ahead of PPI Inflation Data
Dow Jones
11 hours ago
1558 ET - Investors still sold U.S. bonds, sending U.S. yields higher despite the Treasury's announcement of a $6 billion buyback for Treasury's maturing in 10 to 20 years. Investors will now focus their attention on inflation data from the Labor Department: first, the Producer Price Index report on Thursday, followed by the Consumer Price Index report Friday. Brent oil crossed above $100-a-barrel for the first time since July after the latest round of strikes in the Middle East. The 10-year yield rose 0.030 percentage point to 4.84%, and the 2-year yield rose 0.030 to 4.42%. The 30-year yield rose 0.021 percentage point to 5.285%.
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