Business & Finance
Treasuries Extend Drop as Bond Traders Await Key Inflation Print
Key Points
Treasuries Extend Drop as Bond Traders Await Key Inflation Print Treasuries extended their slide as traders braced for US inflation data that could cement concerns the Federal Reserve is dragging its feet on price growth. US yields were climbing again on Thursday, with the rate on 30-year bonds up three basis points at 5.23%, the highest in almost two decades. The 10-year yield climbed two basis points to 4.7%.
Treasuries Extend Drop as Bond Traders Await Key Inflation Print
Treasuries extended their slide as traders braced for US inflation data that could cement concerns the Federal Reserve is dragging its feet on price growth.
US yields were climbing again on Thursday, with the rate on 30-year bonds up three basis points at 5.23%, the highest in almost two decades. The 10-year yield climbed two basis points to 4.7%.