Arabic version: ارتفاع عوائد سندات الخزانة قبيل صدور تقارير التضخم والإسكان
According to Cnbc, U.S. Treasury yields edged higher Thursday as bond trading resumed following the Veterans Day closure. Investors were awaiting inflation and housing releases for further signals on the economy and the Federal Reserve’s next move.
The benchmark 10-year U.S. Treasury note yield, which is used as a benchmark for mortgages, auto loans and credit card debt, rose 2 basis points to 5.0100%. The 2-year note yield, which is more sensitive to short-term Federal Reserve interest-rate decisions, increased 5 basis points to 4.7800%.
The longer-dated 30-year Treasury note yield was steady at 5.3503%. One basis point equals 0.01%, or one-hundredth of a percentage point. Bond yields and prices move inversely to one another.
Traders were looking ahead to Friday’s monthly producer price inflation report. The October reading, which tracks wholesale inflation, is expected to show a 0.4% increase, following a 1.3% surge in September. Investors also awaited the National Association of Realtors’ October home sales report due later Thursday. Existing home sales rose 1.5% in September to 3.99 million and were expected to reach 4 million in October, according to Trading Economics estimates.
Oil prices were broadly flat in early trading as Middle East negotiations remained deadlocked. U.S. West Texas Intermediate futures rose less than 0.1% to $86.59 a barrel, while Brent crude gained 0.17% to $92.92.
