The yield on 10-year US Treasury bonds rose on Friday, while investors were preparing for the publication of US inflation data.
The yield on 10-year Treasury bonds rose by 2.8 basis points, reaching 1.515%, while the yield on 30-year bonds was 1.886% (+2.0 basis points).
The Bureau of Labor Statistics will publish inflation data at 13:30 GMT. Experts expect that in November the consumer price index increased by 0.7% compared to October and by 6.8% in annual terms. If the forecast of growth of 6.8% is confirmed, it will be the highest value in almost 40 years. The day before, the Ministry of Labor reported that the number of initial applications for unemployment benefits fell last week to the lowest value since 1969. The Fed pays special attention to data on the labor market and inflation when making decisions on monetary policy. In general, experts expect that at the next meeting (December 15) the Fed will announce an acceleration of the reduction of the asset purchase program.