Ten-Year Treasury Yield Dips Below 4%

Published 1 month ago Positive
Ten-Year Treasury Yield Dips Below 4%
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A jump in weekly jobless claims and largely as-expected inflation data boosted bonds this morning, briefly driving the yield on the 10-year Treasury note below 4% for the first time since April. Although overall consumer prices rose a little more than expected last month, the increase in core prices matched economists' forecasts on both a monthly and annual basis. Meanwhile, weekly jobless claims rose to 263,000, ahead of expectations.

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