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TREASURIES-US yields mixed after inflation data

BY Reuters | ECONOMIC | 10/10/24 08:52 AM EDT

NEW YORK, Oct 10 (Reuters) - U.S. Treasury yields were mixed on Thursday, after briefly turning lower across the board in volatile trade as data showed inflation last month came in a little higher than expected, although the annual rise was the lowest since February 2021.

Data showed the consumer price index increased 0.2% last month after gaining 0.2% in August. In the 12 months through September, the CPI climbed 2.4%, the smallest year-on-year rise since February 2021 after a 2.5% advance in August.

U.S. benchmark 10-year yields were last up 1.5 basis points (bps) at 4.0804%, while the two-year yield, which is more sensitive to Fed policy expectations, slipped 1.6 bps to 4.001%.

(Reporting by Gertrude Chavez-Dreyfuss Editing by Christina Fincher)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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