Treasury yields are mixed in early trade Thursday.
Treasury yields were mixed early Thursday as investors awaited the outcome of a European Central Bank policy meeting and looked ahead to U.S. inflation data due Friday.
Treasury... Treasury yields were mixed early Thursday as investors awaited the outcome of a European Central Bank policy meeting and looked ahead to U.S. inflation data due Friday. Treasury yields have pushed back to the upside this week as investors also await Friday’s U.S. May consumer-price index reading, with the focus on the outlook for economic growth as the Federal Reserve attempts to rein in stubborn inflationary pressures.For Friday’s CPI release, economists surveyed by The Wall Street Journal expect the year-over-year rate to slip to 8.2% from 8.3% in April. That would be down from a March reading of 8.5%, but still be elevated.
Inflation-wary investors are also paying attention to oil prices, with Brent BRN00 and West Texas Intermediate crude CL.1 futures ending at three-month highs above $120 a barrel on Wednesday. Oil ticked lower in activity Thursday.
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