Bond Report: 2- and 10-year Treasury yields jump for fifth straight week after January’s hot PCE inflation data

by | Feb 24, 2023 | Stock Market

Treasury yields jumped on Friday, pushing the policy-sensitive 2-year rate further into its highest levels since July 2007, after the Federal Reserve’s preferred inflation gauge came in strong for January.The 2- and 10-year yields ended the New York session higher for the fifth straight week, while the 30-year yield scored its third consecutive weekly gain.

What happened
The yield on the …

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