{"id":544535,"date":"2023-01-27T23:50:00","date_gmt":"2023-01-27T20:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/"},"modified":"2023-01-27T23:50:00","modified_gmt":"2023-01-27T20:50:00","slug":"bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/","title":{"rendered":"#Bond Report: Treasury yields climb Friday, 10-year posts biggest weekly yield jump in a month while inflation cools"},"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-6a3dfb8aa74a4\" 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-6a3dfb8aa74a4\" 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-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#%E2%80%9CBond_Report_Treasury_yields_climb_Friday_10-year_posts_biggest_weekly_yield_jump_in_a_month_while_inflation_cools%E2%80%9D\" >&#8220;Bond Report: Treasury yields climb Friday, 10-year posts biggest weekly yield jump in a month while inflation cools&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#10-year_Treasury_rate_reclaims_35_mark\" >10-year Treasury rate reclaims 3.5% mark<\/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'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#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-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#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-5\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#What_strategists_are_saying\" >What 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-6\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#Joy_Wiltermuth\" >Joy Wiltermuth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-climb-friday-10-year-posts-biggest-weekly-yield-jump-in-a-month-while-inflation-cools\/#Steve_Goldstein\" >Steve Goldstein<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBond_Report_Treasury_yields_climb_Friday_10-year_posts_biggest_weekly_yield_jump_in_a_month_while_inflation_cools%E2%80%9D\"><\/span>&#8220;Bond Report: Treasury yields climb Friday, 10-year posts biggest weekly yield jump in a month while inflation cools&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"10-year_Treasury_rate_reclaims_35_mark\"><\/span>\n  10-year Treasury rate reclaims 3.5% mark<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/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-0001607185\" 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-0001607185\" 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>       U.S. Treasury yields rose on Friday, with the 10-year Treasury notching its biggest weekly yield climb in a month, even though data for December showed a further cooling in the Federal Reserve\u2019s preferred measure of inflation.<\/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=\"\">4.198%<\/bg-quote><br \/>\n       rose 2.9 basis points to 4.205% as of 3 p.m. Eastern. Yields move in the opposite direction to prices.<\/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=\"\">3.519%<\/bg-quote><br \/>\n       advanced 2.6 basis points to 3.517%.<\/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=\"\">3.633%<\/bg-quote><br \/>\n       gained 0.5 basis points to 3.632%. It fell 2.3 basis points over the week.<\/p>\n<\/li>\n<li>\n      But it was the biggest weekly yield gain for the 2-year and 10-year rates since Dec. 30, according to Dow Jones Market Data.<\/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 focus Friday was the release of economic data showing the annual increase in the cost of U.S. goods and services pulled back to 5% in December from 5.5% a month before, signaling further progress in the Fed\u2019s inflation fight.<\/p>\n<div class=\"paywall\">\n       The Fed\u2019s preferred measure of inflation \u2014 the PCE price index \u2014 peaked at 7% last summer, helped along by a retreat in energy prices, but remains high above the central bank\u2019s target of 2%.<\/p>\n<p>Another economic report on consumer spending on Friday showed a 0.2% decline in December as households spent less on gas, cars and other goods, but more on services. It also indicated the U.S. economy entered the new year with fading growth prospects and rising odds of recession. Analysts polled by The Wall Street Journal had forecast a 0.1% decline.<\/p>\n<p>\u201cA number of indicators are flashing red lights that a recession may be upon us,\u201d Bill Adams, chief economist at Comerica Bank, said in emailed comments. \u201cWith cooler inflation and increased signs that the economy may have in fact turned, financial markets are pricing in a smaller quarter percentage point rate hike for the Fed\u2019s decision next week \u2014 and are now also pricing in the possibility that the Fed holds rates unchanged at their following decision in March.\u201d<\/p>\n<p>The PCE index released was one of the last data released ahead of the Federal Open Market Committee decision on Wednesday.<\/p>\n<p><strong>Read<\/strong>: Fed set to deliver quarter-point rate hike along with \u2018one last hawkish sting in the tail\u2019<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_strategists_are_saying\"><\/span>What strategists are saying<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>\u201cNext week is one for the record book,\u201d BofA Global\u2019s rates team lead by Ralf Preusser said Friday in a client note. <\/p>\n<p>Never before has the team seen the Federal Reserve, the European Central Bank and the Bank of England all been on deck to deliver policy decisions in the same week as a torrent of global economic data \u2014 from updates on the U.S. labor market to inflation in the Euro Area \u2014 plus, month-end fund flows, they said. <\/p>\n<p>\u201cOur economists\u00a0remain hawkish relative to market pricing, expecting a terminal [fed funds] target range of 5.00-5.25%. and the first cut not until Mar-2024, for which forwards price 100 bp more cuts than our colleagues expect.\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 mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Joy Wiltermuth\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/joy-wiltermuth\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/JoyWiltermuth\",\"text\":\"@JoyWiltermuth\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"mailto:joy.wiltermuth@marketwatch.com\",\"text\":\"joy.wiltermuth@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Joy_Wiltermuth\"><\/span>Joy Wiltermuth<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"104_MW\" author-name=\" Joy Wiltermuth and Steve Goldstein\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fbond-yields-rise-ahead-of-release-of-the-feds-preferred-inflation-measure-11674819542%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><br \/>\n and\n          <\/div>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Steve Goldstein\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/steve-goldstein\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/MKTWgoldstein\",\"text\":\"@MKTWgoldstein\"},{\"type\":\"link\",\"icon\":\"facebook\",\"url\":\"https:\/\/facebook.com\/stevegoldsteinnews\",\"text\":\"stevegoldsteinnews\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:sgoldstein@marketwatch.com\",\"text\":\"sgoldstein@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Steve_Goldstein\"><\/span>Steve Goldstein<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"185_MW\" author-name=\" Joy Wiltermuth and Steve Goldstein\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fbond-yields-rise-ahead-of-release-of-the-feds-preferred-inflation-measure-11674819542%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/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. 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