Treasury yields Rise as expectations for more information increase

Us treasury yields rose on Friday as investors digested new consumer Senior Data that Points to Greater Inflation Expectations.

The Benchmark 10-Year Treasury Yield Was 3 Basis Points Higher at 4.306%. The 2-Year Treasury Yield was up 6 basis points at 4.013%.

One Basis point is equal to 0.01% and yields movie invesly to price.

A Survey from the University of Michigan Showed that Consumer Sentiment Dropped in March to 57.9. That’s well below the down downs, consensus estimate of 63.2. The report also showed Consumer Expect Inflation of 4.9% over the next year, up from 4.3% last month.

“While Current Economic Conditions Were Little Changed, Expectations for the future deterior deterior deterorated across multiple fares of the economy, inclined personal finners, Labor Markets, Information, Information, Business Constions, Stock Markets Future, Regardless of One’s Policy Preferences, “Surveys of Consures Director Joanne HSU Wrote.

Andrew Brenner of Natalliance Told Clients in a note that the report “Cold not be more stagflationary.” He added: “The inflation numbers will scare and skew the fed meeting next week.”

The federal reserve is set to meet next week. To be sure, traders larger expert the Central Bank to Keep Rates at their current levels, per the cme group’s Fedwatch tool.