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10-year Treasury yield dips as investors await producer prices data
Bonds
10-year Treasury yield dips as investors await producer prices data
Published Fri, Oct 11 2024 • 4:36 AM EDT
Sam Meredith
@in/samuelmeredith
@smeredith19
{snip}
The U.S. Consumer Price Index (CPI) rose 0.2% in September and 2.4% year-over-year, which was above economists’ estimates of a 0.1% increase on a monthly basis, and a 2.3% expansion over the last 12 months, according to a Dow Jones consensus.
Sticking on the data front, investors will turn their attention to the release of the latest PPI reading, which is expected at 8:30 a.m. ET. The PPI is a measure of final demand goods and services costs that producers receive.
A preliminary reading of consumer sentiment for October is scheduled to follow slightly later in the session.
— CNBC’s Brian Evans contributed to this report.
10-year Treasury yield dips as investors await producer prices data
Published Fri, Oct 11 2024 • 4:36 AM EDT
Sam Meredith
@in/samuelmeredith
@smeredith19
{snip}
The U.S. Consumer Price Index (CPI) rose 0.2% in September and 2.4% year-over-year, which was above economists’ estimates of a 0.1% increase on a monthly basis, and a 2.3% expansion over the last 12 months, according to a Dow Jones consensus.
Sticking on the data front, investors will turn their attention to the release of the latest PPI reading, which is expected at 8:30 a.m. ET. The PPI is a measure of final demand goods and services costs that producers receive.
A preliminary reading of consumer sentiment for October is scheduled to follow slightly later in the session.
— CNBC’s Brian Evans contributed to this report.