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AmextaFinance > Markets > Ten-year Treasury yield has biggest two-month drop since April 2020 amid signs of easing inflation
Markets

Ten-year Treasury yield has biggest two-month drop since April 2020 amid signs of easing inflation

News Room
Last updated: 2023/04/28 at 4:14 PM
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Treasury yields broadly fell on Friday, ending the week lower, after the Federal Reserve’s preferred price gauge showed inflation slowing on an annual basis to the lowest level since May 2021.

What happened?
What drove markets?

Data released on Friday showed that inflation, based on the personal-consumption expenditures index, rose a scant 0.1% in March. Meanwhile, the yearly rate slowed to 4.2% from 5.1% in the prior month, the lowest in almost two years, though still twice as much as the Fed’s 2% target….

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News Room April 28, 2023 April 28, 2023
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