Bond Report: Ten- and 30-year Treasury yields slip to lowest level in months as traders brush aside U.S. wholesale inflation data for October
Treasurys rallied across the board Tuesday, with the 10- and 30-year yields slipping to the lowest level in months, as traders brushed aside data showing U.S. wholesale inflation surged in October.Traders remained focus on recent dovish pivots of major central banks like the Bank of England and Federal Reserve, and said hedge funds continued to unwind wrong-way positions on yields with no let-up in sight.
What are yields doing?What’s driving the market?
Investors looked past government data released Tuesday, showing U.S. wholesale…
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