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TREASURIES-US yields drop after in-line inflation data

BY Reuters | ECONOMIC | 11/13/24 08:43 AM EST

NEW YORK, Nov 13 (Reuters) - U.S. Treasury yields fell on Wednesday after data showed no major surprises on inflation in the world's largest economy, coming in largely in line with forecasts, suggesting that the Federal Reserve will cut interest rates as expected next month.

The benchmark 10-year yield slid 5.1 basis points (bps) to 4.382%, while the two-year yield, which reflects interest rate expectations, were down 7.3 bps at 4.271% .

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Andrew Cawthorne)

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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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