{"id":262102,"date":"2021-05-28T23:39:00","date_gmt":"2021-05-28T20:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/"},"modified":"2021-05-28T23:39:00","modified_gmt":"2021-05-28T20:39:00","slug":"treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/","title":{"rendered":"#\n  Treasury yields fall Friday, end lower for week and month despite inflation worries"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a374c3ae8c61\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a374c3ae8c61\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/#How_Treasurys_are_performing\" >How Treasurys are performing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/#Fixed-income_market_drivers\" >Fixed-income market drivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/#What_debt_strategists_are_saying\" >What debt strategists are saying<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/treasury-yields-fall-friday-end-lower-for-week-and-month-despite-inflation-worries\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Treasury yields fall Friday, end lower for week and month despite inflation worries<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000287206\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Yields for U.S. government debt edged lower Friday,  as investors pored over another reading of inflation, affirming that price pressures are gathering, though  market participants view them as transitory. <\/p>\n<p> Bond markets closed an hour early on Friday at 2 p.m. Eastern Time, in observance of the Memorial Day holiday. <\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"How_Treasurys_are_performing\"><\/span>How Treasurys are performing<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The 10-year Treasury note yield<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.584%<\/bg-quote><br \/>\n       was yielding 1.592%, compared with 1.609% at 3 p.m. Thursday. <\/p>\n<\/li>\n<li>\n      The 30-year Treasury bond<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">2.263%<\/bg-quote><br \/>\n       was yielding 2.271%, versus 2.289% on Thursday.<\/p>\n<\/li>\n<li>\n      The 2-year Treasury note rate<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.140%<\/bg-quote><br \/>\n       was at 0.143%, virtually down 0.2 basis point from yesterday. <\/p>\n<\/li>\n<\/ul>\n<p>For the week, the 10-year declined 3.7 basis points and fell 4 basis points in May, marking the second straight monthly decline for the benchmark bond. The 30-year bond put in a weekly slide of 6.1 basis points, marking its steepest weekly slide since April 16. The long bond declined 3.1 basis points for the month, also markings its second straight monthly decline. <\/p>\n<p>The 2-year Treasury note posted a weekly decline of 1.2 basis points and a monthly retreat of 1.9 basis points, representing its sharpest monthly skid since December. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Fixed-income_market_drivers\"><\/span>Fixed-income market drivers<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>The Federal Reserve\u2019s key measure of inflation, the personal consumer expenditure index or  PCE, leapt to a rate not seen in almost 13 years, reflecting an economy that is running hotter as the reopening from COVID lockdowns and massive federal fiscal stimulus stokes growth. <\/p>\n<p>The consumption expenditure inflation measure climbed 3.6 percent in April from the prior year\u2014the strongest reading since 2008. The core price index, which s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> out volatile food and fuel prices, rose 3.1 percent in the year through April\u2014the fastest pace since 1992. <\/p>\n<p>Fixed-income markets <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared little moved on the data, however. Economists\u2019 surveyed by Dow Jones and MarketWatch had forecast that the core price index for rose 2.9% over the prior 12 months. <\/p>\n<p>Bond markets continue to be tightly wound around the themes of inflation expectations and the Fed\u2019s reaction to price pressures, and an anticipated increase in debt issuance as the Biden administration pushes an ambitious $6 trillion budget proposal for the 2022 fiscal year. Biden\u2019s plan projects a deficit of $1.8 trillion for the next fiscal year as the White House pushes for big spending on things like infrastructure and education. That said, the deficit represents a sharp drop from the $3.1 trillion recorded last year under former President Donald Trump, MarketWatch reported.<\/p>\n<p>Analysts continue to key in on inflation for any evidence that it may be longer lasting than some members of the Fed have suggested that it will be. <\/p>\n<p>Trading in Treasurys already indicates expectations for higher inflation but the persistence of higher inflation remains an unanswered question. Some analysts are forecasting that the 10-year Treasury note hits 2% before the end of 2021. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>A few strategists have said that Friday\u2019s moves in bonds may be relatively subdued given weaker holiday volumes and investors reluctant to make any substantial bets ahead of next week\u2019s May jobs report, which could prove an important catalyst for markets after April\u2019s weak results which only showed a 266,000 increase.<\/p>\n<p>In other data, the<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ism-chicago.org\/insidepages\/reportsonbusiness\/\" class=\"icon none\">\u00a0Chicago Business Barometer,\u00a0<\/a>also known as the Chicago PMI, jumped to 75.2 in May from 72.1, which was the highest since December 1983.<\/p>\n<p>And a final reading of the consumer-sentiment index issued Friday edged up to 82.9 from an initial 82.8, the University of Michigan said Friday, down from a 13-month high of 88.3 in April.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_debt_strategists_are_saying\"><\/span>What debt strategists are saying<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>\u201cCore PCE is modestly ahead of expectations. The largest monthly core increase in 20 years was accompanied this week by mostly solid economic releases (durable goods ex trans, personal consumption, Chicago PMI, consumer confidence),\u201d wrote Craig Pernick, senior managing director at Chevy Chase Trust.<\/p>\n<p>\u201cThe Fed has made clear it expects these strong near-term inflation numbers. We don\u2019t believe this number is significant enough to prompt any change to current policy, but we need to watch like a hawk for those first indications their view is shifting,\u201d he wrote. \u00a0<\/p>\n<p>However, the official that that \u201cwe are a bit concerned about the potential for more than \u2018transitory\u2019 inflation.\u201d<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7461-E64A12FE4CE7%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Treasury yields fall Friday, end lower for week and month despite inflation worries &#8221; Yields for U.S. government debt edged lower Friday, as investors pored over another reading of inflation, affirming that price pressures are gathering, though market participants view them as transitory. Bond markets closed an hour early on Friday at 2 p.m&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":251140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-262102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/262102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=262102"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/262102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/251140"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=262102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=262102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=262102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}