Treasury Yields Steady Amid Oil Price Pressure Ahead of Inflation Data
U.S. Treasury yields remained stable early Friday as markets held their breath ahead of key consumer inflation data, which could influence the Federal Reserve's upcoming interest rate decision. The 10-year and 30-year Treasury note yields were unchanged at 4.9424% and 5.3554%, respectively, following a sharp rise in the previous session when oil prices surged above $100 per barrel due to Middle East tensions. Investors are closely watching Friday's inflation report for insights into price pressures after August’s wholesale data showed modest gains but below expectations on core measures. The Treasury Department also added pressure by buying back only part of its offered debt, contributing to recent volatility in bond markets.
Topics: inflation data interest rates oil prices U.S. Treasurys