Bonds flat despite inflation figures

Higher inflation numbers fail to push investors to bonds, dollar weakens against the euro.


NEW YORK (CNNMoney.com) -- Bond prices were little changed - despite an economic report released Friday that showed higher inflation numbers (in line with economists' estimates) - while investors sensed equities remained a safe bet.

The dollar weakened against the euro and rose against the yen.

ECONOMY

The benchmark 10-year note slipped 1/32, or 31 cents on a $1,000 note, to yield 4.55 percent, up from 4.54 percent Thursday.

The 30-year note was unchanged to yield 4.70 percent, up from 4.69 percent. Treasury prices and yields move in opposite directions.

The inflation reading comes ahead of Wednesday's meeting of the Federal Reserve's Open Market Committee, at which time the central bank's policymakers will consider inflation pressures as they decide what to do with interest rates. There is broad consensus that the Fed will again leave rates unchanged.

Consumer prices, released Friday morning, showed an increase of 0.4 percent in February, up 0.2 percent with more volatile food and energy prices stripped out, according to Reuters; which although higher, are in line with forecasts.

Although consumer prices climbed, a separate report showed consumer confidence slipped to its lowest in six months to 88.8, down from 91.3 in February.

The 5-year note declined 1/32, or 31 cents on a $1,000 note, to yield 4.47 percent, while the 2-year note was flat for a yield of 4.60.

The euro bought $1.3309, up from $1.3234 late Thursday, while the dollar fell to ¥116.72 from ¥117.62.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.