Bond yields were little changed early Tuesday as traders kept their powder dry ahead of a crucial U.S. consumer price inflation report.What’s happening
The yield on the 2-year Treasury
BX:TMUBMUSD02Y
slipped 2.1 basis points to 4.472%. Yields move in the opposite direction to prices.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
fell 1.1 basis points to 4.177%.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
eased less than 1 basis point to 4.381%.
What’s driving markets The Bureau of Labor Statistics will publish U.S. consumer price index data for January at 8:30 a.m. Eastern.
Headline annual CPI inflation is forecast to have fallen from 3.4% in December to 2.9% last month, the lowest since March 2021. The core annual rate — which strips out volatile items like food and energy — is expected to drop from 3.9% to 3.7%. Month-on-month the headline rate is forecast to dip from 0.3% in December to 0.2% in January, but for the core to remain at 0.3%. The data “will likely set the tone for financial markets over the next two weeks, until the January PCE deflator release on …
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The yield on the 2-year Treasury
BX:TMUBMUSD02Y
slipped 2.1 basis points to 4.472%. Yields move in the opposite direction to prices.
The yield on the 10-year Treasury
BX:TMUBMUSD10Y
fell 1.1 basis points to 4.177%.
The yield on the 30-year Treasury
BX:TMUBMUSD30Y
eased less than 1 basis point to 4.381%.
What’s driving markets The Bureau of Labor Statistics will publish U.S. consumer price index data for January at 8:30 a.m. Eastern.
Headline annual CPI inflation is forecast to have fallen from 3.4% in December to 2.9% last month, the lowest since March 2021. The core annual rate — which strips out volatile items like food and energy — is expected to drop from 3.9% to 3.7%. Month-on-month the headline rate is forecast to dip from 0.3% in December to 0.2% in January, but for the core to remain at 0.3%. The data “will likely set the tone for financial markets over the next two weeks, until the January PCE deflator release on …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]