NEW YORK, March 14 (Reuters) - U.S. Treasury yields
moderately extended gains on Tuesday after U.S. inflation
numbers rose last month, suggesting some expectation that the
Federal Reserve could continue to raise interest rates next week
though at a gradual pace despite concerns about liquidity in the
banking sector.
Data showed the consumer price index (CPI) rose 0.4% last
month after accelerating 0.5% in January. That lowered the
year-on-year increase in the CPI to 6.0% in February, the
smallest annual gain since September 2021. The CPI rose 6.4% in
the 12 months through January.
U.S. Treasury two-year yield rose 28 basis points to 4.317% , while the benchmark 10-year yield gained 9 bps to
3.594% .
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Andrew
Heavens)
Messaging: rm://gertrude.chavez.reuters.com@reuters.net))
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