U.S. Treasury yields climbed on Friday morning, as investors remained focused on hawkish comments from Federal Reserve officials.
These developments follow the release of key inflation data. The December producer price index, released on Thursday morning, rose 0.2% month on month, though this was slightly below economists' forecast of a 0.4% increase.
However, the December consumer price index, which came out on Wednesday, showed a 7% jump year on year. This represented the fastest increase over a 12-month period since 1982." on Friday that the Fed was"now just being realistic" with its more hawkish comments amid rising pricing pressures. He said that Fed was"probably trying to talk down bonds, as opposed to necessarily taking the action required and then probably hoping that open-mouth operations can be helpful to stop the very steep curve."
The 10-year yield has spiked since the beginning of year, amid concerns around the Fed tightening monetary policy.
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