Treasury Yields Steady Ahead of Key Inflation Data Release
U.S. Treasury yields remained largely unchanged as investors awaited key wholesale inflation data on Thursday. The 10-year and 2-year note yields were flat at 4.8407% and 4.4236%, respectively, while the 30-year bond yield rose slightly to 5.2974%. Yields had risen earlier in the week after Treasury Secretary Scott Bessent announced a $6 billion buyback of longer-dated government bonds. The Producer Price Index (PPI) is expected to show an annual increase of 5.4% for August, up from 4.7% in July, according to FactSet estimates. The Consumer Price Index data will be released the following day. Market participants are closely watching these reports ahead of next week's Federal Reserve interest rate decision. Meanwhile, renewed U.S.-Iran tensions have pushed energy prices higher, with West Texas Intermediate crude rising over 0.2% on Thursday.
Topics: energy prices Federal Reserve interest rates inflation data (PPI) Treasury yields