{"id":526259,"date":"2022-12-13T18:26:00","date_gmt":"2022-12-13T15:26:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/"},"modified":"2022-12-13T18:26:00","modified_gmt":"2022-12-13T15:26:00","slug":"bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/","title":{"rendered":"#Bond Report: 2-year Treasury yield on pace for biggest drop in a month after November\u2019s CPI data"},"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-6a4e30e52eb37\" 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-6a4e30e52eb37\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#%E2%80%9CBond_Report_2-year_Treasury_yield_on_pace_for_biggest_drop_in_a_month_after_Novembers_CPI_data%E2%80%9D\" >&#8220;Bond Report: 2-year Treasury yield on pace for biggest drop in a month after November\u2019s CPI data&#8221;<\/a><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'><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'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#Whats_happening\" >What\u2019s happening<\/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\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#Whats_driving_markets\" >What\u2019s driving markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#What_are_analysts_saying\" >What are analysts 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-5\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#Vivien_Lou_Chen\" >Vivien Lou Chen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-2-year-treasury-yield-on-pace-for-biggest-drop-in-a-month-after-novembers-cpi-data\/#Jamie_Chisholm\" >Jamie Chisholm<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBond_Report_2-year_Treasury_yield_on_pace_for_biggest_drop_in_a_month_after_Novembers_CPI_data%E2%80%9D\"><\/span>&#8220;Bond Report: 2-year Treasury yield on pace for biggest drop in a month after November\u2019s CPI data&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\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\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001473502\" role=\"document\">\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<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001473502\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Treasury yields fell across the board on Tuesday, led by 2- and 3-year rates, after November\u2019s consumer-price index report produced a modest rise in inflation and raised hopes that the worst spell of price gains in four decades is receding.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Whats_happening\"><\/span>What\u2019s happening<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 2-year Treasury<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">4.172%<\/bg-quote><br \/>\n       fell to 4.147% from 4.401% on Monday. Yields move in the opposite direction to prices. The 2-year rate is on track for its biggest one-day decline since Nov. 10.<\/p>\n<\/li>\n<li>\n      The yield on the 10-year Treasury<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.463%<\/bg-quote><br \/>\n       retreated to 3.444% from 3.611% on Monday afternoon. <\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">3.490%<\/bg-quote><br \/>\n       fell to 3.482% from 3.575% late Monday.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_markets\"><\/span>What\u2019s driving markets<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The U.S. consumer-price index report for November, released on Tuesday, showed that the annual headline rate of inflation fell to 7.1 % from 7.7% in the prior month, marking the lowest level since the end of 2021. Economists had expected year-over-year CPI growth, which peaked at a four-decade high of 9.1% in June, to slip to 7.3% last month.<\/p>\n<div class=\"paywall\">\n       On a monthly basis, the cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst spell of U.S. inflation in 40 years is fading. Economists polled by The Wall Street Journal\u00a0had forecast a 0.3% increase\u00a0in the consumer-price index.<\/p>\n<p>November\u2019s CPI data further solidified the likelihood that the Fed will raise interest rates by 50 basis points to a range of 4.25% to 4.50% on Wednesday, according to the CME FedWatch tool. In addition, the chances of a 25-basis-point hike in February jumped to 62.5% from 35.1% a day ago, according to 30-day fed funds futures.  <\/p>\n<p>Benchmark bund yields<br \/>\n        TMBMKDE-10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.907%<\/bg-quote><br \/>\n       fell 5.8 basis points to 1.882% after a report showed that German inflation slipped in November from a more-than-70-year high. <\/p>\n<p>In the U.K., the 10-year gilt yield <a rel=\"nofollow noopener\" target=\"_blank\" href=\"TMBMKGB-10Y;onlineSignificance=passing-mention\" class=\"icon none\">BX:TMBMKGB-10Y<\/a> rose 4.3 basis points to 3.243% following data that showed the unemployment rose in November but pay growth was accelerating.<\/p>\n<p>The European Central Bank and the Bank of England are each forecast to lift interest rates by 50 basis points on Thursday.<\/p>\n<p>\u00a0<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_analysts_saying\"><\/span>What are analysts saying<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>\u201cAll the signs have been pointing toward slower inflation and now we have the confirmation. Jerome Powell spoke of downside in goods and that\u2019s now pushing CPI downward. This is a good sign for the market, but isn\u2019t likely to change the Fed\u2019s outlook much. They\u2019re still worried about high wages and housing costs. It\u2019s not clear wages will drop, but faster-moving data suggests shelter is already moderating,\u201d said David Russell, vice president of market intelligence at TradeStation Group.<\/p>\n<p>\u201cToday\u2019s report suggests we\u2019re on the road to a soft landing. The Fed will keep talking tough and probably inch up the dot plot tomorrow. But we seem to have turned a corner on inflation. Santa could be coming to town this year,\u201d Russell wrote in an email.<\/p>\n<p>\u00a0<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Vivien Lou Chen\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/vivien-lou-chen\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/vivienlouchen\",\"text\":\"@vivienlouchen\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Vivien_Lou_Chen\"><\/span>Vivien Lou Chen<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"250_MW\" author-name=\"Vivien Lou Chen and Jamie Chisholm\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Ftreasuries-hold-their-ground-as-traders-await-crucial-inflation-data-11670928802%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><\/h4>\n<p> and\n          <\/p><\/div>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jamie Chisholm\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jamie_Chisholm\"><\/span>Jamie Chisholm<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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=%7B20C06575-04D4-B545-7167-BDEE1CA7CF99%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bond Report: 2-year Treasury yield on pace for biggest drop in a month after November\u2019s CPI data&#8221; Treasury yields fell across the board on Tuesday, led by 2- and 3-year rates, after November\u2019s consumer-price index report produced a modest rise in inflation and raised hopes that the worst spell of price gains in four decades&#8230;<\/p>\n","protected":false},"author":1,"featured_media":526260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/mw3.wsj.net\/mw5\/content\/logos\/mw_logo_social.png","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-526259","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\/526259","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=526259"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/526259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/526260"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=526259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=526259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=526259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}