Markets & Finance

Treasury Bonds Lose Value

MARKETSCOPE : Treasury bond yields were losing value early Tuesday, after September Producer Price Index news rekindled investor concerns of inflation.

The 10-year bond was yielding more than 4.50%, where it had been valued earlier. Yields rise when demand falls.

News hit of a higher-than-expected 1.9% rise in the September PPI. Excluding food and energy, the index rose 0.3%, slightly ahead of consensus estimates.

Investors braced themselves for more interest rate hikes from the Federal Reserve for some time to come, as Chairman Alan Greenspan grapples with inflation.

Steve Ballmer, Power Forward

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