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The luxury of the Treasury is less than before the inflation figures this weekend

Written by NEWS-78

Return on the benchmark 10-year Treasury fell by almost base points to about 3.0878%, while returns on 30-year Treasury bonds also fell below the base point of 3.2539%.

Yield moves against prices, and a base point is equal to 0.01%.

U.S. Treasury yields were slightly lower on Monday as traders continued to digest the strong numbers in the latest jobs report and waited for inflation figures this weekend.

The return on the benchmark 10-year Treasury fell by almost one basis point to about 3.0878%, while the return on the 30-year Treasury bond was also below the base point at 3.2539%. Yield moves against prices, and a base point is equal to 0.01%.

Investors are awaiting major inflation figures this week. The June Consumer Price Index will be released on Wednesday and headline inflation, including food and energy, is expected to rise above May’s 8.6% level.

Also on the data front, the June Productivity Price Index is due out on Thursday and the University of Michigan Consumer Sentiment Report for July will be released on Friday. No big data has been released on Monday.

On Friday, investors assimilated the June employment report, which showed jobs growing faster than expected. Non-farm payrolls rose to 372,000 last month, according to the Bureau of Labor Statistics. Economists predict that U.S. According to Dow Jones, the economy will add 250,000 jobs.

Yields soared on Friday after the report was released, pushing U.S. The Federal Reserve is more aggressive with its rate hiking path.

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