US government debt income declines after PCE data release
January 28, 2023 Latest News 0 Comments
NEW YORK, Jan 27 (Reuters) – US Treasury yields edged lower on Friday after the Federal Reserve released its favorite measure of inflation, the personal consumption expenditure (PCE) index.
The core price index, which reflects personal consumption in the US excluding energy and food products (core PCE), was up 0.3%, in line with the forecast.
The yield on the 10-year UST fell nearly 2 basis points after the data release, then held at 3.525%, while the two-year US bond fell slightly, settling at 4.199%.
The Fed monitors the PCE price index to conduct monetary policy. Other indicators of inflation also eased significantly.
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