{"id":96920,"date":"2024-02-14T01:12:00","date_gmt":"2024-02-13T21:12:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96920"},"modified":"2024-02-14T00:14:34","modified_gmt":"2024-02-13T20:14:34","slug":"treasury-yields-surge-after-cpi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/treasury-yields-surge-after-cpi-data\/02\/14\/market-updates\/","title":{"rendered":"Treasury-yields surge after CPI data"},"content":{"rendered":"\n<p>Tuesday saw a spike in the yields on US government bonds as the January inflation reading surprised analysts by being higher than expected.<br><br>The yield on the 2-year Treasury bond surged to 4.5922%. The 10-year yield recovered to 4.273%, levels last seen in late November. The yield over 30 years reached 4.435%.<br><br>In January, the consumer price index increased by 3.1% year over year, above the 2.9% predicted by economists.<br><br>The CME FedWatch Tool showed that the likelihood of a rate cut by the Federal Reserve at its March meeting had dropped from 16% on Monday to 5.5%. <br><br>From 39.3% on Monday, traders are now placing 64.5% of bets that the central bank would hold rates constant through its May meeting. Through the June meeting, the odds of only one 25 basis-point drop were as high as 51.9%.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday saw a spike in the yields on US government bonds as the January inflation reading surprised analysts by being higher than expected.The yield on the 2-year Treasury bond surged to 4.5922%. The 10-year yield recovered to 4.273%, levels last seen in late November. The yield over 30 years reached 4.435%.In January, the consumer price &hellip;<\/p>\n","protected":false},"author":13,"featured_media":91453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7987,6885,6987,6984],"class_list":["post-96920","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cpi-data","tag-fed","tag-inflation","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=96920"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96920\/revisions"}],"predecessor-version":[{"id":96927,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96920\/revisions\/96927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/91453"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}