Treasury yields slid on Tuesday after data showed inflation rose less than expected for November. The yield on the 10-year Treasury dropped 7 basis points to 3.55%. The 2-year Treasury was last down by 12 basis points to 4.27%…. The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed by Dow Jones had been expecting a 0.3% monthly increase and a 7.3% 12-month rate. … Many investors are expecting the central bank to implement a 50 basis point rate hike when its meeting ends on Wednesday. They will also be looking to Fed Chairman Jerome Powell’s press conference on Wednesday for insights into the central bank’s economic expectations and policy plans.
Source: CNBC – Bonds
