U.S. Treasury yields were steady Thursday as investors assessed fresh inflation and jobless claims data.
U.S. Treasury yields were steady on Thursday as investors studied fresh inflation and jobless claims data, showing inflation rising more than expected last month while weekly claims for unemplyment benefits revealed a cooler labor market.Treasurys were moving as investors assessed a series of economic data. The consumer price index increased 0.2% in September and 2.4% year-over-year, above economists' estimates of a 0.1% increase on a monthly basis, and a 2.
"The Fed has shown that they're willing to let inflation potentially run hotter than normal in favor of full employment," said Skyler Weinand, chief investment officer at Regan Capital.Only a rise towards 4% inflation or a few hot inflation prints in a row would alter the Fed's course of continued rate cuts over the next year."
Ten-year Treasury yields have recently been climbing, rising above 4% Monday after last week's stronger-than-expected increase in September payrolls, and following the Fed's mid-September rate cut.
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