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Treasury yields rise amid inflation jitter

Focusing on the minutes of the latest Federal Reserve Board meeting scheduled later this week, US Treasury yields surpass 1.65% on Tuesday morning as concerns remain about rising inflation I did.

Benchmark yield 10-year government bond It rose to 1.651% at 4:20 EST.Yield 30-year government bond It rose to 2.368%. Yield is inversely proportional to price.

Yields rose early on Tuesday, and investors focused on minutes from the Fed’s last meeting scheduled for Wednesday this week. Investors will ponder the minutes for signs of the Fed’s view. Rising inflation..

The Federal Reserve Board maintains the view that rising inflation is temporary, despite market nervousness over sustained price pressures.

Federal Reserve Bank of Atlanta Governor Raphael Bostic told CNBC on Monday that the central bank needs to maintain monetary policy.Very strongly adapted“To fill the unemployment gap.

Kokou Abgo-Bloua, Global Head of Economics, Cross-Asset, and Quantitative Research at Societe Generale, said CNBC’s “Squaw box europe“On Tuesday, the company agreed with the Fed’s view that inflation was temporary.

He explained that “demand pull inflation” due to stagnant consumer savings and “cost push inflation”, which cuts inventories for businesses to raise cash, will normalize next year.

Therefore, Societe Generale expects inflationary pressures to peak in the next 6-12 months, Abgoburua said.

As for Tuesday’s data, the number of building permits issued in April and the number of housing projects launched in the United States last month are scheduled for 8:30 am ET.

The auction is scheduled to take place on Tuesday, with $ 34 billion of 52-week invoices and $ 40 billion of 42-day invoices auctioned.

Treasury yields rise amid inflation jitter

Source link Treasury yields rise amid inflation jitter

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