U.S. Treasury yields were mixed on Thursday morning, as investors digested the news that the Fed may start to taper its bond buying program by mid-November.
rose more than 1 basis point to 2.058%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The 10-year rate fell to around 1.54% in afternoon trading on Wednesday, following the release of the
. The minutes indicated that Fed officials felt that the central bank had nearly reached its economic goals and could soon begin to slowly reduce the pace of its monthly asset purchasing program. Meanwhile, data out on Wednesday showed slightly higher than expected consumer price inflation in September. Therose 0.4% month-on-month, versus a Dow Jones estimate of 0.3%. The index showed prices had grown 5.4% year-on-year, compared with an expected print of 5.3%.
September's producer price index is due out at 8:30 a.m. ET on Thursday, along with weekly jobless claims data. Auctions are scheduled to be held on Thursday for $25 billion of four-week bills, $25 billion of eight-week bills and $60 billion of 39-day bills.
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