10-year Treasury yield drops below 3.5% after inflation reading comes in lighter than expected
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 [...]