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- U.S Treasury prices fell Wednesday, pushing yields modestly higher, after investors cut back buying of U.S. government paper as stocks rose and Italian debt surged on fading jitters around geopolitical and trade tensions
U.S Treasury prices fell Wednesday, pushing yields modestly higher, after investors cut back buying of U.S. government paper as stocks rose and Italian debt surged on fading jitters around geopolitical and trade tensions
The selloff follows the release of key inflation data that should still keep the Federal Reserve on track to hike in its upcoming December meeting.
The 10-year Treasury note yield was up 2.7 basis points to 2.908%, cobbling together its third straight session of while the 2-year note yield was flat at 2.774%. The 30-year bond yield was up 1.8 basis points to 3.147%. Bond prices move in the opposite direction of yields.
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