Yields on the US Treasury were mixed Thursday morning as investors digested news that the Federal Reserve Board could begin curtailing its bond purchase program by mid-November.
Benchmark yield 10-year government bond It gave up below the basis point and dropped to 1.546% at 3:40 EST.Yield 30-year government bond It increased by more than 1 basis point to 2.058%. Yield is inversely proportional to price, and one basis point is equivalent to 0.01%.
In Wednesday afternoon trading, the 10-year rate fell to about 1.54%. Minutes from the September meeting of the Federal Reserve Board.. Minutes showed that Fed officials felt that the central bank could almost reach its economic goals and soon begin to gradually slow down its monthly asset purchase program.
Meanwhile, Wednesday’s data show that consumer price inflation in September was slightly higher than expected. NS Consumer price index The Dow Jones estimate was 0.3%, up 0.4% month-on-month. The index showed that prices were up 5.4% year-on-year compared to the expected printing of 5.3%.
The September Producer Price Index will be released every Thursday at 8:30 am EST, along with unemployed billing data.
The auction is scheduled to take place on Thursday, with a four-week invoice of $ 25 billion, an eight-week invoice of $ 25 billion, and a 39-day invoice of $ 60 billion.
— — Jeff Cox of CNBC contributed to this market report.
Following the minutes of the Federal Reserve Board, Treasury yields are mixed
Source link Following the minutes of the Federal Reserve Board, Treasury yields are mixed