Press "Enter" to skip to content

Treasury Yields Rise, Wall Street Futures Up, Ahead of Producer Price Inflation Data

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

Long-dated U.S. Treasury yields rose on Friday ahead of the release of an index that will show the extent of producer price inflation and a day after major Wall Street equities indexes closed down despite encouraging unemployment claims data. The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.329 percent, as of 6:17 a.m. New York time on Sept. 10, while that on the 30-year Treasury bond also rose 2.7 basis points to 1.927 percent. Yields move in the opposite direction to prices, with analysts often associating rising yields on longer-dated Treasuries with an increase in risk-on sentiment by investors leaving the relative safety of government securities for riskier assets. As of 6:10 a.m. New York time, futures were up on the three main Wall Street indexes—the Dow Jones, Nasdaq, and S&P 500—pointing to higher opens later in the session. It comes as the Labor Department announced on …

To continue reading this news article, follow the link to the news website.

For any inquiries, contact Amnon Free Press (Amnon Jobi Jakony) by writing to editor [at] amnonfreepress.com. Discover a world of hyper-local news below.

Other News:   California Recall Brings VP Harris Home to Support Gov. Newsom

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *