The 10-year US Treasury bond yield lost nearly 2% on Tuesday and snapped its five-day winning streak. Ahead of the 30-year bond auction at 1800 GMT, the 10-year T-bond yield continues to push lower and was last seen losing 2% at 1.10%. Earlier in the day, the data published by the US Bureau of Labor Statistics showed that the Consumer Price Index in December rose to 1.4% on a yearly basis from 1.2% and came in higher than analysts’ estimate of 1.3%. Although this reading was largely ignored by market participants, T-bond yields are likely to continue to edge higher with dovish Fed policy and fiscal stimulus ramping up inflation. While speaking at the Reuters Next conference on Wednesday, “no matter what theory of inflation you subscribe to, they all are pointing in the direction, toward an increase,” said St. Louis Federal Reserve President James Bullard. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold consolidating above $1850 at tip of ascending triangle FX Street 2 years The 10-year US Treasury bond yield lost nearly 2% on Tuesday and snapped its five-day winning streak. Ahead of the 30-year bond auction at 1800 GMT, the 10-year T-bond yield continues to push lower and was last seen losing 2% at 1.10%. Earlier in the day, the data published by the US Bureau of Labor Statistics showed that the Consumer Price Index in December rose to 1.4% on a yearly basis from 1.2% and came in higher than analysts' estimate of 1.3%. Although this reading was largely ignored by market participants, T-bond yields are likely to continue to edge higher… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
