Tuesday, December 06, 2022

US Treasury yield rises as speculation on Fed easing

US Treasury yield rises as speculation on Fed easing

nuevaNew YorkOctober 28 – US Treasury yields rose on Friday after data showed underlying inflation pressures remained elevated and suggested the Federal Reserve would continue its aggressive campaign to raise interest rates.

* The personal consumption expenditure price index rose 6.2% in the 12 months to September, matching the previous month’s growth. price index PCE Basic, which does not include food and energy, advanced 5.1% annually after rising 4.9% in August.

* “The market reaction is understandable,” said Priya Mishra, head of global rates strategy at TD Securities. “Inflation won’t let the Fed stop anytime soon.”

* Fed funds futures present a 98.4% chance that the Fed will raise the rate by 75 basis points on November 1-2. In the past week, the market has cut expectations that yields will rise to 4.85% in May from around 5% in March 2023.

* Yield on three-month bills and 10-year notes remained negative at -12.3 basis points.

* The yield on the 10-year note rose 2.6 basis points to 3.965%, while the yield on the 30-year loan fell 0.3 basis points to 4.091%.

* Two-year bond yields, which typically move in lockstep with interest rate expectations, rose 4.8 basis points to 4.369%.

World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.

Latest News

Related Stories

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!