10-year yield drops 13 bps to 5.056% after hot September PPI

CNBC · 3 hours ago
10-year yield drops 13 bps to 5.056% after hot September PPI
  • The 10-year Treasury yield fell more than 13 basis points to 5.056%, and the 30-year yield fell to 5.385%.
  • Wholesale prices jumped 6.3% annually in September, the biggest gain since 2022, versus a Dow Jones economist forecast of 5.5%.
  • The latest consumer price index rose 0.6% monthly and 3.7% annually, slightly hotter than the 0.6% and 3.6% consensus.
  • Investors moved into bonds in a broader flight to safety as fears of higher inflation and interest rates, and their effect on the AI spending boom, drove selling in high-flying technology shares.