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PrintTREASURIES-US yields fall after moderating inflation data
BY Reuters | TREASURY | 09/27/24 08:44 AM EDTNEW YORK, Sept 27 (Reuters) - U.S. Treasury yields extended their decline on Friday after data showed inflation in the world's largest economy continued to ease, boosting the chances of an outsized interest rate cut at the November meeting.
The benchmark 10-year yield fell 2.9 basis points (bps) to 3.76%, while the two-year yield slid 2.9 bps to 3.596%.
Data showed the personal consumption expenditures (PCE) price index, the Federal Reserve's favored inflation measure, rose 0.1% in August after an unrevised 0.2% gain in July. Economists had forecast PCE inflation advancing 0.1%. In the 12 months through August, the PCE price index increased 2.2% after rising 2.5% in July. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Toby Chopra)
