Bond yields held steady as investors continued to absorb consumer inflation data and waited for factory gate prices and an update on retail sales.
What’s happening What’s driving markets Bond yields are relatively steady early Thursday as traders continue to absorb Wednesday’s mixed reading on consumer price inflation and look ahead to the August producer prices data and retail sales numbers, both due at 8:30 a.m. Eastern.
Unless these releases contain significant shocks, the market is likely to continue pricing in a 97% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% after its next meeting on September 20. Meanwhile, benchmark German 10-year bund yields BX:TMBMKDE-10Y were down 1.3 basis points to 2.642% ahead of the European Central Bank’s policy decision, due at 2:15 p.m. local time, or 8:15 a.m. Eastern.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge Funds’ Big Bet Against Treasurys Isn’t What You ThinkInflation, bond issuance and Fed tightening are spurring a Treasury derivative bonanza.
Read more »
Judge grants bond to man accused of committing murder on parole, remains free after violating conditionsOne man remains free on bond after violating bond conditions and accused of committing capital murder.
Read more »
Hyped Telegram bot Banana Gun's team dumps treasury after token bugAfter the Banana Gun team saw the bug, it sold its treasury, sending the token to near zero price — promising a relaunch with an airdrop.
Read more »
Treasury yields hold steady as traders eye CPI inflation data due WednesdayU.S. yields are little changed Tuesday morning as traders prepare for August's data on inflation and retail sales on Wednesday and Thursday.
Read more »
Treasury imposes terrorism sanctions on Hezbollah-linked network in Lebanon, South AmericaThe U.S. Treasury Department imposed terrorism-related sanctions on a network consisting of seven individuals and businesses across Lebanon and South America.
Read more »
Treasury yields rise as investors await key inflation dataU.S. Treasury yields were higher on Wednesday as investors awaited the latest consumer inflation figures, which could affect Federal Reserve monetary policy.
Read more »