Ekonomické zprávy
29.10.2021

U.S. 10-year Treasury yield climbs back above 1.6%

CNBC reports that the 10-year U.S. Treasury yield climbed back above 1.6%, ahead of the release of inflation and spending data.

The yield on the benchmark 10-year Treasury note gained more than 3 basis points, rising to 1.607% . The yield on the 30-year Treasury bond jumped more than 4 basis points to 2.011%.

The 10-year rate rose in Thursday’s session despite disappointing third-quarter economic growth data. The Commerce Department reported that U.S. gross domestic product had risen 2% in the third quarter versus the previous year, below the 2.8% forecast by economists.

On Friday, September’s personal consumption expenditure price index, which is one indicator of inflation, is due out at 12:30 GMT. Investors will be watching this latest reading closely, given concerns around “stagflation,” where inflation rises but the economy slows. The University of Michigan’s final October consumer sentiment reading is then set to come out at 14:00 GMT.

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