10-year Treasury yield is little changed after cool inflation data
The 10-year Treasury yield closed out the week just above 3.9% Friday after new inflation data showed cooling price pressures.
The yield on the benchmark 10-year Treasury note traded flat at 3.901%. The yield on the 30-year Treasury bond rose more than 1 basis point to 4.053%, while the 2-year yield fell 2 basis points to 4.329%. Yields move inversely to prices.
Treasurys
| TICKER | COMPANY | YIELD | CHANGE |
|---|---|---|---|
| US1M | U.S. 1 Month Treasury | 5.368% | UNCH |
| US3M | U.S. 3 Month Treasury | 5.391% | -0.003 |
| US6M | U.S. 6 Month Treasury | 5.379% | +0.013 |
| US1Y | U.S. 1 Year Treasury | 5.183% | +0.042 |
| US2Y | U.S. 2 Year Treasury | 4.872% | +0.065 |
| US10Y | U.S. 10 Year Treasury | 4.50% | +0.051 |
| US30Y | U.S. 30 Year Treasury | 4.642% | +0.041 |
The core personal consumption expenditures price index, the Federal Reserve's preferred core inflation metric, increased 0.1% for the month of November, and was up 3.2% from a year ago, the Commerce Department reported Friday.
Economists surveyed by Dow Jones had been expecting respective increases of 0.1% and 3.3% respectively.
"It was a softer inflation print to be sure, although we'll argue the market was biased for a downside surprise which has translated to a somewhat counterintuitive price response," BMO's rate strategist Ben Jeffery said in a note.
10-year U.S. Treasury yields have declined by almost a percentage point since the end of October on rising expectations that the Fed will begin cutting rates as soon as March.