From Financialexpress · Aditi · · 1m 10s
US Treasury Yields Drop to 3-Week Low
US Treasury yields crash to 3-week low as investors shift from inflation to growth fears.
In brief
US Treasury yields crash to 3-week low as investors shift from inflation to growth fears. US Treasury yields fell to 5.038% on Thursday, their lowest in three weeks, as investors focused on economic growth concerns after strong US data. Originally reported by Financialexpress.
US Treasury Yields Crash
US Treasury yields fell to their lowest level in three weeks on Thursday.
10-Year US Treasury at 5.038%
The 10-year US Treasury yield dropped to 5.038%, its lowest in three weeks.
German Bond Yields Hit 5-Week Low
German 10-year government bond yields fell to 3.352%, their lowest in more than five weeks.
Investor Focus Shifts
Investors shifted attention from inflation to economic growth concerns amid strong US data.
Wholesale Inflation Rises
US wholesale prices rose 6.3% year-on-year in September, the highest since 2022.
Fed Rate Outlook Unchanged
The probability of the Fed holding rates steady stood at 73% for its next meeting.
Gold Prices Rise
Gold prices rose 1.2% to $4,153.42 per ounce as weaker dollar and falling yields supported bullion.
The bottom line
US Treasury yields fell to 5.038% on Thursday, their lowest in three weeks, as investors focused on economic growth concerns after strong US data.
