Reported about 6 hours ago
Treasury yields experienced their largest intraday drop since August on January 15, 2025, following new consumer inflation data that raised hopes for potential interest rate cuts this year. Despite the decline, the 10-year Treasury yield remains significantly higher than before the Federal Reserve began rate cuts in September. The S&P 500 saw gains, marking its best day in over two months, as investors responded positively to the inflation report indicating a slowdown in core inflation.
Source: YAHOO