Home / Market Update / Commodities / Inflation Data Pushes Treasury Yields Climb

Inflation Data Pushes Treasury Yields Climb

On Wednesday, yield on Treasury notes, which often rises when investors anticipate tighter central bank policies, rose back toward highs for 2021, near 0.5%, compared with 0.409% at Tuesday’s close.

The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s.

Yields on shorter-term U.S. government bonds surged after data showed inflation reached a 30-year high in October, reflecting investors’ expectations that Fed will have to raise interest rates more quickly to combat surging consumer prices.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …