Treasuries Little Changed After Consumer Prices Rise

Treasury five-year note yields reached a one-week high after a report showed the U.S. consumer price index unexpectedly rose last month, reducing concern the economy was in danger of deflation.

Benchmark yields were little changed late in the day after stocks fell and risk demand ebbed. Bond-market inflation expectations have risen after reaching a three-year low last week, even as the nation’s economy shows signs of improvement. The Federal Reserve is scheduled to meet Oct. 28-29, after indicating in September that it planned to end its own bond-purchase program this month.