10-Year Treasury Yield Falls 4 Basis Points to 4.5254% as Cooler Inflation Offsets Iran Risks
Updated
Updated · CNBC · Jul 17
10-Year Treasury Yield Falls 4 Basis Points to 4.5254% as Cooler Inflation Offsets Iran Risks
1 articles · Updated · CNBC · Jul 17
Summary
The 10-year Treasury yield dropped more than 4 basis points to 4.5254% in early Friday trading, with the 2-year at 4.1134% and the 30-year at 5.0680% as bonds rallied.
Cooler-than-expected U.S. producer and consumer inflation data this week, plus lower-than-forecast jobless claims of 208,000 for the week ended July 11, reinforced expectations that the economy is absorbing price pressure.
That retreat in yields came after Thursday's surge, when fresh U.S.-Iran strikes and threats against regional infrastructure drove borrowing costs higher.
Oil still climbed as Middle East hostilities intensified overnight, with WTI up 0.73% to $79.53 and Brent up 0.24% to $84.49, keeping focus on how energy prices could affect the Fed's rate path.