Before the release of US CPI in November, the market "jumped the gun": US bond yields fell.
According to the Wise Finance APP, on Thursday, US Treasury bond prices edged up slightly and the market is closely watching the US November CPI report to be released later. Policy makers and investors will carefully analyze the report to find clues to next year's monetary policy outlook. Before the report was released, the yield on the 10-year US Treasury bond fell 2 basis points to 4.13%. This report is particularly special because due to the impact of the previous US government shutdown, the US Bureau of Labor Statistics was unable to collect price data, leading to the cancellation of the report for October. Since there is no comparable data for October, investors and Federal Reserve officials will have to rely on year-on-year data to assess inflation trends.
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