Published by
Barchart
Barchart
10-year T-note yields tumbled Tuesday after U.S. consumer prices in October fell more than expected, bolstering speculation the Fed was finished with its rate hike cycle and may even cut interest rates in early 2024. U.S. Oct CPI eased to +3.2% y/y from +3.7% y/y in Sep, better than expectations of +3.3% y/y. Also, Oct CPI ex-food and energy eased to +4.0% y/y from +4.1% y/y in Sep, better than expectations of no change at 4.1% y/y and the smallest increase in over two years. The 10-year T-note yield fell to a 1-3/4 month low today at 4.424%, a sharp reversal from the surge in the 10-year T-no…
You must log in to post a comment.