Early Bonds: U.S. Treasuries mostly flat start after yesterday’s post-CPI reversal
U.S. Treasury will sell $15 bln in 20-yr bonds.
Overnight speculation that the Bank of Japan’s new leadership could look to raise rates by the end of the year.
In Europe, inflation in the U.K. decelerated for the tenth consecutive month in the January reading while the eurozone’s industrial production decreased more than expected in December.
The U.S. Dollar Index is up 0.4% at 103.59.
Yields:
2-yr: +1 bp to 4.64%
3-yr: +1 bp to 4.34%
5-yr: +2 bps to 4.02%
10-yr: UNCH at 3.76%
30-yr: -2 bps to 3.78%