10-year Treasury yield at 4.5% becomes next focus amid CPI and Fed control on inflation.

Bond traders see 4.5% yields as the next test, as focus shifts to CPI; a sign of Fed gaining control over inflation could help. US economy's strength has driven Treasury yields to highest since Nov, with investors reducing bets on rate cuts. The market took a hit after unexpectedly strong payroll data in March. Many see 10-year rate at 4.5% as a significant threshold.

April 07, 2024
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