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TREASURIES -US yields extend fall after inflation data

BY Reuters | TREASURY | 12/20/24 08:42 AM EST

NEW YORK, Dec 20 (Reuters) - U.S. Treasury yields fell on Friday after data showed inflation in the world's largest economy moderately cooled last month, partly backing the Federal Reserve's interest rate cut earlier this week.

The benchmark 10-year yield slid 5.4 basis points (bps) to 4.516%, compared with 4.538% before the data's release.

The report showed that monthly inflation slowed in November after showing little improvement in recent months. The personal consumption expenditures (PCE) price index rose 0.1% last month after an unrevised 0.2% gain in October. (Reporting by Gertrude Chavez-Dreyfuss)

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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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