Long-dated Treasury yields edge higher to begin a holiday-shortened week.
Long-dated U.S. Treasury yields ticked higher Tuesday as investors returned from the holiday weekend and awaited further clues to the outlook for the economy heading into 2023.
U.S. bond trading is due to close... Long-dated U.S. Treasury yields ticked higher Tuesday as investors returned from the holiday weekend and awaited further clues to the outlook for the economy heading into 2023. U.S. bond trading is due to close an hour early this coming Friday and U.S. markets will be closed Jan. 2 in observance of New Year’s Day.
Data on Friday showed the personal-consumption expenditures index rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a 40-year high over the summer. The yearly rate of inflation, meanwhile, slowed to 5.5% in November from 6.1% in the prior month, based on the personal-consumption expenditures index. That’s the smallest increase since October 2021.
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