US Treasury yields rise as consumer prices rise
TLT•US Treasury yields rose after consumer inflation data came in hotter than expected, with the 10-year yield up 6.6 basis points to 5.283% and the two-year yield up 10.6 basis points to 4.899%.
1. Yields climb after inflation data
The 30-year Treasury yield rose 2.9 basis points to 5.592% after consumer inflation data came in hotter than expected as gasoline prices surged. Traders priced in a 53% probability that the Federal Reserve would hold rates steady at its meeting in two weeks, down from 78.4% before the data; the probability of a rate hike in December rose to 98.6% from 87.9%.
