Mmastodon BusinessMarkets first seen 1 d ago, last 23 h ago, peak #9
US Treasury Yields Hit Two-Decade Highs on Hot Inflation
Original: 🔴 BREAKING US Treasury Yields Surge on Hot Inflation Data US Treasury yields hit their highest levels in over two decade
US Treasury yields surged to their highest levels in more than two decades after September inflation data came in at 3.7%. The hotter-than-hoped reading has lifted expectations that the Federal Reserve will raise interest rates again, and investors are now watching closely for further signals on the central bank's next move.
Why now: Fresh inflation data stoked fears of another Fed rate hike, driving bond yields to multi-decade highs.
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