Markets & Finance

Treasuries Fall after CPI Report

MARKETSCOPE: Treasuries fell Wednesday in response to a 0.3% rise in the March

core consumer price index. The market erased gains achieved Tuesday in response

to tame PPI data, and calming comments about inflation and interest rates from San Francisco Fed President Yellen and the March FOMC meeting minutes.

The 10-year note fell 11/32 in price to 95-30/32

for a yield of 5.03%. The 30-year bond tumbled 23/32 to 90-14/32 for a yield of 5.13%. The 10-year yield reached its highest intraday level since June 2002. Equities were modestly higher as the bond market closed.

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