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10-year Treasury yield jumps as September core inflation comes in hotter than expected
Traders raised rate expectations as core inflation ran above forecasts, with the 10-year yield climbing above 5.30%, analysts said.
- On Wednesday, Treasury yields inched lower as investors awaited the September CPI report, with the benchmark 10-year yield falling 2 basis points to 5.195%.
- Economists polled by Dow Jones expect Headline inflation to rise 0.6% monthly and 3.6% annually, while Core inflation is projected to increase 0.2% from August and 2.5% on an annual basis.
- Investors also await the September reading for the producer price index, retail sales data, and initial jobless claims figures, all scheduled for release on Thursday.
- Yields above 5.30% raise the bar for risk assets, as Holders of REITs and utility stocks see their dividend yields look less attractive against risk-free Treasury income.
- Deutsche Bank analysts noted Wednesday that the CPI comes two weeks before the Federal Reserve's next interest rate decision, with price growth accelerating away from the Fed's 2% target.
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·Düsseldorf, Germany
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Associated Press News+5 Reposted by 5 other sources
US stocks slip as inflation gets worse
Worries about worsening inflation are pulling the U.S. stock market further from its record. The S&P 500 slipped 0.4% Wednesday and was on track for a fifth loss in the
·New York, United States
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The ColumbianReposted by 
Pittsburgh Post-Gazette
Pittsburgh Post-GazetteU.S. stocks fall further from their record as inflation gets worse
NEW YORK — Worries about worsening inflation are weighing on the U.S. stock market Wednesday and pulling Wall Street further from its record.
·Vancouver, United States
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Total News Sources23
Leaning Left5Leaning Right4Center12Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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