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)
Messaging: rm://gertrude.chavez.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.