Ten-year Treasury yields extended their rise above 4% as eurozone CPI data cement worries about stubborn inflation.
What’s happeningWhat’s driving markets Concerns that inflation will stay stubbornly high for longer than expected are pushing up Treasury yields. The 10-year yield is back above 4%, its highest since November, and the 2-year yield earlier in the session came within several basis points of 5%, a 17-year peak, before easing back.
What’s happening What’s driving markets Concerns that inflation will stay stubbornly high for longer than expected are pushing up Treasury yields. The 10-year yield is back above 4%, its highest since November, and the 2-year yield earlier in the session came within several basis points of 5%, a 17-year peak, before easing back.
In addition, data from the eurozone showed CPI inflation of 8.5% in the year to February, only slightly lower than January’s reading of 8.6% and above forecasts of a dip to 8.2%. German 10-year bund yields TMBMKDE-10Y rose 1.6 basis points to 2.730%, the highest since 2011. U.S. economic updates set for release on Thursday include the weekly initial jobless claims and fourth quarter productivity and unit-labor costs, due at 8:30 a.m. Eastern.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. stock futures extend slide as inflation fears push benchmark U.S. Treasury yield further above 4%U.S. stock futures were lower on Thursday as the sight of 10-year Treasury yields above 4% soured sentiment amid worries about more Fed rate hikes
Baca lebih lajut »
10-year Treasury yield knocks on door of 4% as threats to markets and economy growThe benchmark 10-year Treasury yield briefly approached 4% on Tuesday, a milestone level at which it hasn't sustainably held above for more than a decade.
Baca lebih lajut »
2-year Treasury yield reaches levels last seen in mid-2006U.S. Treasurys climbed on Thursday as investors considered the prospect of further interest rate hikes by the Federal Reserve and awaited fresh economic data.
Baca lebih lajut »
US Treasury Secretary Shows Up in Ukraine, Transfers $1.25B in AidTreasury Secretary Janet Yellen arrived in Ukraine on Monday to 'reaffirm U.S. support for Ukraine' and transfer $1.25 billion in aid. America remains over $31 trillion in debt.
Baca lebih lajut »
GOP House Oversight accuses Treasury Department of 'obstructing' probe into Biden family business schemesRep. James Comer, GOP chairman of the House Oversight Committee, is calling on the Treasury Department to testify March 10 regarding the Biden family's business dealings.
Baca lebih lajut »
Treasury obstructing probe of Biden family, top investigator saysThe House Oversight and Accountability Committee chairman is accusing the Treasury Department of obstructing the panel’s probe into the Biden family by stonewalling repeated requests related to presidential son Hunter Biden.
Baca lebih lajut »