Yields retreat as traders await fresh inflation data
TL;DR
U.S. Treasuries eased as investors braced for a wholesale inflation read (PPI) while parsing a still-robust labor market: 10-year yields around 4.023%, 30-year about 4.675%, and 2-year near 3.452%. Initial unemployment claims for the week ended Feb. 21 came in at 212,000, below expectations of 215,000, signaling resilience despite a solid January payrolls print. Traders expect Friday’s PPI to rise about 0.3% for both headline and core measures, a cooler report that could boost risk appetite for stocks.
Topics:businessmarkets#inflation#markets#producer-price-index#stock-market#treasury-yields#unemployment
- Treasury yields fall as investors await more economic data CNBC
- Treasury Yields Decline as U.S. Layoffs Remain Elusive WSJ
- Filings for jobless aid rise modestly as layoffs remain at healthy levels Los Angeles Times
- U.S. weekly jobless claims increase marginally as labor market stabilizes The Detroit News
- Dollar Trims Losses After Weekly Jobless Claims Data Barron's
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