10-year Treasury yield falls to 4% then snaps back as traders assess inflation data
The 10 -year US Treasury return fell to 4% on Thursday, then investors withdrew the latest inflation data and a leap in unemployed claims, as it complex the interest rate appearance.
Criterion yield 10 -year treasury After falling to 4% of the session, 4,022% fell 1 basis points. . 30 -year Treasury Yield has changed a little at 4.671%, because 2 years Yield fell 2 basis points to reach 3.513%.
A basic point is equal to 0.01%and the bond returns and prices move in opposite directions.
Investors separated with a series of mixed economic signals on Thursday morning, and when they gathered for warmer consumer prices and September 16-17 meetings, they separated the path of monetary policy for federal reserve policy makers with higher unemployed allegations that might be muddy.
The August Consumer Price Index increased seasonally set by a seasonally adjusted 0.4% for the month of twice the previous month, and the annual inflation rate was 2.9%. The economists who participated in the survey by Dow Jones were looking for 0.3% and 2.9% readings, respectively.
According to the Ministry of Labor, weekly unemployed claims have increased seasonally 263,000, higher than 235,000 estimates and increased by an increase of 27,000 than the previous period.
“In general, this data set strengthened the concern that the limited inflationary springs and labor market has weakened rapidly from the trade war (so far),” said US President Ian Lyngen in the BMO Capital Markets Fixed Income Strategy team. He said: “This is cleansing the path of a 25 BP section next week and leaving 50 BP on the table even though we stayed in 25 BP camp.”
According to the CME group’s Fedwatch vehicle on Thursday, approximately 94% of the possibility of a quarter of a quarter -point cut was priced with a larger half -point movement.
The latest economic data strengthened the expectations of the September deduction of the weaker producer price index than expected on Wednesday.
– Jeff Cox and Yun Li from CNBC contributed to this report.
