PPI

U.S. Treasury yields rise after PPI

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U.S. Treasury yields climbed on Friday after January wholesaler prices came in higher than expected. The yield on the 10-year Treasury was 6 basis points higher to 4.295%, just under the closely watched 4.3% level. The 2-year Treasury yield was last trading at 4.66% after rising by 9 basis points. At one point, the yield … Read more

Investors shrugged off a hawkish Fed and hot PPI

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Jerome Powell, chairman of the US Federal Reserve, during a roundtable event in York, Pennsylvania, US, on Monday, Oct. 2, 2023. Ryan Collerd | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more