Yields on U.S. Treasurys dip as inflation slows
- Treasury yields slightly lower after subdued U.S. inflation reading
- Yield on the 2-year Treasury note at its lowest since June 1
- Year-over-year inflation slowed to 2.6% in November
- Core PCE rate increased by 0.1% in November
- Orders for durable goods rose 5.4% in November
Yields on U.S. Treasurys were slightly lower after data showed inflation continuing to slow in November. The yield on the 2-year Treasury note reached its lowest level since June 1. Year-over-year inflation decreased to 2.6% in November, while the core PCE rate increased by 0.1%. Additionally, orders for durable goods rose by 5.4% in November.
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Key People: Benjamin Jeffery (Rates Strategist at BMO Capital Markets)
Factuality Level: 7
Justification: The article provides information on the yields of U.S. Treasurys and the inflation data for November. It includes specific numbers and quotes from analysts. However, the article lacks context and background information on why these numbers are significant and how they may impact the market.
Noise Level: 3
Justification: The article provides information on U.S. Treasury yields and inflation data. It includes some relevant data points and quotes from analysts. However, it lacks depth and analysis, and there is no mention of long-term trends or antifragility. The article stays on topic and supports its claims with data, but it does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: U.S. Treasurys
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the yields on U.S. Treasurys, which are important financial instruments. However, there is no mention of any extreme events or significant impacts on financial markets or companies.
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