US Treasury bond prices saw a rise, at the start of a crucial week marked by quarterly corporate performance reports, significant updates on the US labor market and the long-awaited Federal Reserve meeting. This period opens in the wake of data confirming persistent inflationary pressure.
Last week, figures showed that inflation is not slowing down. In March, the Personal Consumption Index (PCE), the Federal Reserve’s benchmark metric for assessing inflation, rose 0.3% month-on-month, in line with forecasts and identical to February’s rise. and recorded an annual increase of 2.7%, exceeding expectations of 2.6% and the previous month’s figure of 2.5%. The core component of the index, excluding the most volatile elements, showed an increase of 0.3% on a monthly basis and 2.8% on an annual basis, a stable figure compared to February but higher than the 2.7% expected.
Currently, the yield, which moves in the opposite direction to the price, on the US 10-year bond stands at 4.636%, down from 4.669% on Friday. As regards the three-month bond, there was a slight increase in the yield to 5.396%. The other maturities show a similar trend: the yield on the two-year bond decreased, positioning itself at 4.983%.
