NEW YORK Dec 15 U.S. Treasury yields inched
lower on Thursday, pressured by a decline in U.S. consumer
inflation for November, adding to a growing view that the
economy may not be as strong in the fourth quarter as many
Data showed that the consumer price index rose just 0.2
percent last month, after advancing 0.4 percent in October.
Gasoline price increases slowed and food costs remained soft
during the month, pulling the index lower. Overall though, the
numbers were generally in line with expectations.
That said, other pieces of data such as initial jobless
claims and the Philadelphia Federal Reserve business index were
solid overall, but had little impact on yields.
In early morning trading, benchmark 10-year Treasury yields
slipped to 2.598 percent after the CPI report from
U.S. 30-year bond yields drifted lower as well
following the data to 3.168 percent, from 3.186 percent before
the CPI numbers.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu