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Treasurys stuck in narrow range on economic data

Treasurys stuck in narrow range on economic data

U.S. Treasury security prices are stuck in a narrow range as traders react to government reports about price inflation and industrial output.
The government said Wednesday that businesses paid less for food and energy in December, evidence that inflation remains tame. Low inflation tends to boost Treasurys because the dollar's stable buying power maintains the value of investors' fixed returns. Prices rose, sending yields lower.
The Federal Reserve said later that factory output increased in December by the most in a year. The signal of economic strength depressed Treasury prices, pushing yields higher.
The yield on the 10-year Treasury note is 1.87 percent as of 11:30 a.m. (1630 GMT), from 1.86 percent late Tuesday. It has moved between 1.83 percent and 1.87 percent over the past day.


Updated : 2021-10-18 06:36 GMT+08:00