By Sam Goldfarb
Treasury yields turned lower after the consumer-price index reading was in line with expectations.
In recent trading, according to Tradeweb:
-- The yield on the 2-year note was 4.263%, versus 4.34% Tuesday.
-- The 10-year yield was 4.378%, compared with 4.43% Tuesday.
Yields climbed Tuesday ahead of the CPI report. Their declines Wednesday suggest traders had been preparing for an inflation reading higher than the consensus estimate.
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(END) Dow Jones Newswires
November 13, 2024 08:45 ET (13:45 GMT)
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