Treasuries Slip for a Third Day as Inflation Optimism Wears Thin
- Long-dated bonds led losses after Wednesday’s CPI-driven gains
- Bloomberg US Treasury Index rose a third week through Friday
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Treasuries fell for a third day on Monday, paring last week’s rally in US bonds on signs of easing inflationary pressures.
The benchmark 10-year yield hovered at about 4.43% at 2:45 p.m. in New York. A wave of selling in the futures market helped accelerate the slump early in the session, with 20,000 10-year note futures changing hands in a three-minute window around 8:20 a.m. Losses were pared through the day, yet yields across all maturities remained higher by about 1 basis point.