Rates Stay High Post-CPI
Despite softer US inflation data, traders are still pricing in higher borrowing costs.
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Such comments, along with the resumption of the Iran war and the renewed climb of oil and gas prices, have already lifted borrowing costs. The yield on the 10-year Treasury note — which strongly influences mortgage rates — briefly topped 4.7% last Thursday, the highest in about 18 months."
"Such comments, along with the resumption of the Iran war and the renewed climb of oil and gas prices, have already lifted borrowing costs. The yield on the 10-year Treasury note — which strongly influences mortgage rates — briefly topped 4.7% last Thursday, the highest in about 18 months."
"Broader worries that long-term yields could keep rising regardless of near-term policy decisions, driven by factors such as persistent inflation and large government borrowing needs."
"European borrowing costs rose to long-term highs amid renewed inflation fears and hawkish signals from the European Central Bank. The 10-year Bund yield in Germany exceeded 3.2%, a peak not seen since 2011."
"Even after Wednesday’s softer-than-expected US inflation report offered a brief reprieve, traders continued to price in higher borrowing costs."