September 11, 2019 / 12:57 PM / 4 days ago

TREASURIES-U.S. yields rise after producer prices data

NEW YORK, Sept 11 (Reuters) - U.S. Treasury yields extended their rise on Wednesday after data showed core U.S. producer prices data rebounded in August after falling the previous month, suggesting some pick-up in inflation.

The Labor Department said the producer price index for final demand edged up 0.1% last month, exceeding forecasts of no growth. That followed a 0.2% gain in July. Excluding the volatile food, energy and trade services components, producer prices jumped 0.4% last month after dipping 0.1% in July, the first decline since October 2015.

In early morning trading, U.S. benchmark 10-year note yields rose to 1.729% from 1.702% late on Tuesday. Early in the session, 10-year yields hit a four-week high of 1.744%.

Yields on 30-year bonds advanced to 2.207% from 2.181% on Tuesday, further moving away from record lows of 1.905% touched in late August. U.S. 30-year yields also hit a new four-week peak of 2.223% earlier in the global session. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Steve Orlofsky)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below