Treasury yields rise as new data shows expectations of higher inflation
cnbc.com/2024/05/10/treasury-yields-pause-for-breath-as-traders-digest-strong-jobs-data.html
U.S. Treasury yields were higher on Friday as traders digested downbeat consumer sentiment data, which indicated a significant uptick in inflation expectations.
The yield on the 10-year Treasury added more than 5 basis point to trade around 4.502%. The 2-year Treasury yield also rose by 5 basis points to 4.863%. Yields and prices move in opposite directions and one basis…
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