2024-02-16 16:28:24
(New York = Yonhap Infomax) Correspondent Jinho Jeong = U.S. Treasury yields rose sharply on the news that the U.S. Producer Price Index (PPI) in January exceeded market expectations.
Intraday trend of US 10-year Treasury bond interest rates[출처 : 연합인포맥스]
According to Yonhap Infomax’s overseas interest rate intraday screen (screen number 6532), as of 8:30 a.m. on the 16th (hereinfollowing referred to as Eastern Time), the 10-year Treasury bond interest rate in the New York bond market was 4.323%, up 8.45bp from 3 p.m. on the previous trading day. recorded.
The 2-year interest rate, which is sensitive to monetary policy, surged 12.51bp to 4.682% during the same period.
The 30-year government bond interest rate rose 4.86bp to trade at 4.473%.
The reversal width between 10-year and 2-year bonds expanded from -31.9bp on the previous trading day to -36.0bp.
Government bond interest rates and prices move in opposite directions.
Investment sentiment for U.S. Treasury bonds deteriorated once more as the U.S. Consumer Price Index (CPI) and PPI exceeded expectations in January.
The U.S. Department of Labor announced on this day that the PPI in January rose 0.3% compared to the previous month on a seasonally adjusted basis.
This figure exceeds the 0.1% increase expected by experts compiled by the Wall Street Journal (WSJ). It was also the largest increase in five months.
On a non-seasonal basis, PPI in January rose 0.9% compared to January last year. This was also a larger increase than the 0.6% rise that Wall Street expected.
January’s core PPI, excluding food, energy, and trade, also rose 0.6% compared to the previous month, recording the largest increase in a year since January of last year.
The previously released January CPI also exceeded Wall Street expectations, dampening investor sentiment. This is because of the analysis that the Federal Reserve System (Fed) will further delay the base interest rate cut as inflation is more persistent than expected.
In addition, as PPI does not come down as expected, bond investors are also confused regarding which direction to take their positions. Producer prices are wholesale prices and tend to lead the consumer price index (CPI).
jhjin@yna.co.kr
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This article was published on the Infomax financial information terminal at 23:27, two hours earlier.
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