Bonds toppled by inflation woes
Overall wholesale prices rise more than expected, fanning inflation concerns; dollar drifts.

NEW YORK (CNNMoney.com) -- Treasury prices closed down Tuesday after a key wholesale inflation report came in above expectations.

The dollar gained slightly versus the euro and the yen.

The benchmark 10-year note fell 18/32, or $5.63 on a $1,000 note, to yield 5.14 percent, up from 5.07 late Monday. The 30-year bond tumbled 30/32, or $9.38 on a $1,000 bond, to yield 5.17 percent, up from 5.10 the prior session. Bond prices and yields move in opposite directions.

The 2-year note fell 5/32, or $1.56 on a $1,000 note, to yield 5.19 percent, up from 5.12 late Monday. The 5-year bond gave up 3/32, or $0.93 on a $1,000 note, to yield 5.11 percent, up from 5.04 percent Monday.

Bond prices and yields move in opposite directions.

A government report showed prices at the wholesale level rose 0.5 percent in June, up from 0.2 percent in May and above estimates for a 0.3 percent gain.

The core Producer Price Index, which strips out volatile food and energy prices, rose 0.2 percent, down from the 0.3 percent gain posted in May and in line with estimates.

In currency trading, the dollar bought ¥117.28, up from ¥117.09 late Monday. The euro bought $1.2506, down from $1.2515 in the previous session.


Related: The latest on bonds Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

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.

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.