U.S. 10-Year Treasury Yield Rises to 4.483% as Markets Brace for Thursday PCE
Updated
Updated · CNBC · Jun 22
U.S. 10-Year Treasury Yield Rises to 4.483% as Markets Brace for Thursday PCE
3 articles · Updated · CNBC · Jun 22
Summary
4.483% marked the 10-year Treasury yield after it climbed more than 3 basis points Tuesday, while the 2-year rose above 4.213% and the 30-year reached 4.919%.
Thursday's May PCE report is the week's key test, with economists expecting core inflation to accelerate from April even after stripping out food and energy.
That inflation focus has intensified since last week's Fed meeting kept rates at 3.5%-3.75% but struck a more hawkish tone, pulling market expectations for a hike forward to as soon as October.
The move in yields came despite falling oil prices, underscoring that investors are prioritizing any data that could confirm the Fed is nearing renewed rate increases.