U.S. Markets closed

US Treasury yields move higher ahead of data, auction

Matt Clinch
  • On Wednesday, a slew of data are expected with durable goods and PPI numbers due at 8:30 a.m. ET, followed by construction spending at 10 a.m. ET.
  • Meanwhile, the Treasury is set to auction $16 billion worth of 30-year bonds on Wednesday.

U.S. government debt yields were higher on Wednesday morning, retracing some losses after new data in the previous session showed a slight rise in inflation.

At around 4:50 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.6177 percent, while the yield on the 30-year Treasury bond was also higher at 3.0071 percent.

On Tuesday, yields slipped after the Labor Department reported that the U.S. Consumer Price Index rose 0.2 percent in February, as expected.

Meanwhile, global investors have been focusing on the fallout from the U.K.'s decision to reject its Brexit deal with the EU. The agreement was rejected Tuesday by 149 votes after 242 MPs voted for the deal and 391 MPs voted against it.

On Wednesday, a slew of data are expected with durable goods and PPI numbers due at 8:30 a.m. ET, followed by construction spending at 10 a.m. ET.

Meanwhile, the Treasury is set to auction $16 billion worth of 30-year bonds on Wednesday.



More From CNBC