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Search resuls for: "Treasury inched"


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Brendan McDermid | ReutersThis 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, no matter where they are. What you need to know todayThe bottom lineSeptember's story hasn't changed: High yields and oil prices are dragging down stocks. Rising Treasury yields aren't the only costs weighing on the economy — oil prices are surging again. Even though September's already ending, things, as BTIG's Jonathan Krinsky puts it, "are likely to remain messy."
Persons: Brendan McDermid, Treasury inched, that's, John Chambers, September's, Jonathan Krinsky Organizations: HK, New York Stock Exchange, Reuters, CNBC, Treasury, hobbling, Federal, AAA, AA Locations: New York City, U.S
ET, the yield on the 10-year Treasury inched up by less than 1 basis point to 4.172%. The 2-year Treasury yield was trading up more than 3 basis point higher at 4.931%. U.S. Treasury yields were little changed Monday as investors digested the latest inflation data and looked ahead to key economic reports due throughout the week. Friday's producer price index for July had come in at 0.3% on a monthly basis, slightly higher than the 0.2% economists previously surveyed by Dow Jones had expected. Investors have been looking to inflation data for clues about whether the Fed will announce further interest rate increases or pause, or even end, its rate-hiking campaign.
Persons: Treasury inched, Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve, Fed
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