Treasury yields dip as investors awaited key inflation data, assessed Fed policy outlook
The yield on the benchmark 10-year was down by close to three basis points to 3.528% at 4:29 a.m. ET. The 2-year Treasury yield was trading at around 4.2262% after declining by less than one basis point.Investors anticipated December's consumer price index, due to be released on Thursday. According to a Dow Jones survey, economists expect consumer inflation to have declined by 0.1% on a monthly basis but have increased 6.5% year over year.
That's the last CPI reading before the Fed's next meeting on Jan. 31 and Feb. 1, which will conclude with the central bank's latest interest rate decision. Fed officials have hinted that future policy could be affected by new inflation figures. With persisting uncertainty about whether the Fed will hike rates by 25 or 50 basis points next, investors are hoping to gain new clues from Thursday's CPI data.
After implementing four consecutive 75 basis point rate increases, the central bank slightly slowed the pace of rate hikes to 50 basis points at its last meeting. Many are hoping that the Fed will continue to slow, or completely pause, rate hikes as concerns about their pace dragging the U.S. economy into a recession have spread.
Also on Thursday, initial jobless claims data and the monthly budget statement for December will be published, giving investors insights into the broader state of the U.S. economy.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Treasury yields rise as investors look to Fed speakers for hints about rate policy plansTreasury yields climbed on Tuesday as investors weighed remarks from Federal Reserve officials and scanned them for hints about monetary policy plans.
Leer más »
Treasury yields firmer amid hawkish Fed chatter and looming CPI dataGovernment bond yields were firmer in early Tuesday trade as more hawkish commentary from Federal Reserve officials continued to permeate the market.
Leer más »
The Fed is not a 'climate-policy maker,' Powell saysThe Federal Reserve is not a 'climate policymaker,' said Fed Chairman Jerome Powell, on Tuesday.
Leer más »
UK ‘Fully Behind’ Stablecoin for Wholesale Settlements, Says Treasury OfficialThe UK government is fully behind a stablecoin for wholesale payments and believes that is more likely to progress faster than a wholesale CBDC, griffitha told the CommonsTreasury. camomileshumba reports
Leer más »
Yellen agreed to stay on as Treasury chief at Biden’s request: ReportJanet Yellen has reportedly agreed to remain secretary of the Treasury after a request from President Joe Biden.
Leer más »
Janet Yellen Told Biden She Planned to Stay as Treasury Secretary, Officials SayThe president welcomed the decision in a conversation late last year, White House officials said, allaying speculation about whether she would remain at the department.
Leer más »