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Treasury Bonds Lose Value


MARKETSCOPE : Treasury bond yields were losing value early Tuesday, after September Producer Price Index news rekindled investor concerns of inflation.

The 10-year bond was yielding more than 4.50%, where it had been valued earlier. Yields rise when demand falls.

News hit of a higher-than-expected 1.9% rise in the September PPI. Excluding food and energy, the index rose 0.3%, slightly ahead of consensus estimates.

Investors braced themselves for more interest rate hikes from the Federal Reserve for some time to come, as Chairman Alan Greenspan grapples with inflation.


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