TREASURIES-U.S. yields fall after inflation data

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW YORK, April 12 (Reuters) - U.S. Treasury yields dropped on Wednesday after data showing cooler-than-expected headline inflation for March, suggesting that the Federal Reserve could still raise interest rates at the next policy meeting, but may pause after that. Core inflation, however, remained elevated. Excluding the volatile food and energy components, the CPI increased 0.4% last month after rising 0.5% in February. Sticky rents continued to drive the so-called core CPI. U.S. 10-year yields fell 7.9 basis points to 3.356%. U.S. two-year yields also slid, down 13.8 bps at 3.922% . (Reporting by Gertrude Chavez-Dreyfuss)

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