The yield on the US 10-year treasury note fell to the lowest level in over two months in the overnight trade, as US inflation unexpectedly eased in February, validating Fed’s patient approach on interest rates. As of writing, the yield is trading at 2.61 percent, having hit a low of 2.59 percent in the North American session yesterday – a level last seen on January 4. The consumer price index (CPI) increased by 0.2 percent month-on-month in February. In annualized terms, price pressures rose 1.5 percent, the smallest gain since September 2016, missing the forecast of 1.6 percent. Further, the core CPI, which excludes the volatile food and energy components, increased 2.1 percent year-on-year, as opposed to 2.2 percent expected rise. Further, the CPI rose 0.1 percent, the smallest increase since August 2018, according to Reuters. The below-forecast inflation reading will give the US central bank more room to remain patient on raising interest rates. 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 USD/CAD Technical Analysis: 1.3330/25 support area can disappoint bears FX Street 4 years The yield on the US 10-year treasury note fell to the lowest level in over two months in the overnight trade, as US inflation unexpectedly eased in February, validating Fed's patient approach on interest rates. As of writing, the yield is trading at 2.61 percent, having hit a low of 2.59 percent in the North American session yesterday - a level last seen on January 4. The consumer price index (CPI) increased by 0.2 percent month-on-month in February. In annualized terms, price pressures rose 1.5 percent, the smallest gain since September 2016, missing the forecast of 1.6 percent.… 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.
