Posted by on September 10, 2021 1:02 pm
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Treasury Yields Rise, Wall Street Futures Up, Ahead of Producer Price Inflation Data

Long-dated U.S. Treasury yields rose on Friday ahead of the release of an index that will show the extent of producer price inflation and a day after major Wall Street equities indexes closed down despite encouraging unemployment claims data. The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.329 percent, as of 6:17 a.m. New York time on Sept. 10, while that on the 30-year Treasury bond also rose 2.7 basis points to 1.927 percent. Yields move in the opposite direction to prices, with analysts often associating rising yields on longer-dated Treasuries with an increase in risk-on sentiment by investors leaving the relative safety of government securities for riskier assets. As of 6:10 a.m. New York time, futures were up on the three main Wall Street indexes—the Dow Jones, Nasdaq, and S&P 500—pointing to higher opens later in the session. It comes as the Labor Department announced on …

Originally appeared on The Epoch Times

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