Markets · Market move
Treasury Yields Top 5% as Inflation Keeps Pressure On
The 10-year yield closed at 5.10% as bond selling intensified. Today’s US producer prices are the next test for interest-rate bets.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- The 10-year Treasury yield rose 12 basis points to 5.10% in the latest session.
- US producer-price data are due today before US markets open.
US government bonds entered Friday under pressure after the 10-year yield closed Thursday at 5.10%, up from 4.98% on Tuesday, according to US Treasury data. Rising yields reflect falling bond prices.
The selling extended across maturities. The two-year yield reached 4.86%, up 13 basis points from Tuesday, while the 30-year yield rose eight basis points to 5.43%, the Treasury figures show. These are closing rates for November 12, rather than live Friday quotes.
The next test is October’s US producer-price report, due today before US markets open. Estimates in the event calendar put monthly headline growth at 0.4%, after 1.3% in September, and core growth at 0.3%, after 0.7%.
The release follows hotter consumer inflation. Another strong reading could reinforce the case for a December Federal Reserve rate rise; a softer one could ease some of the pressure on bonds.
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