THE VERIFIED BREAKDOWN
- Treasury yields dropped Thursday as investors cashed in some technology shares and fled to the safety of bonds following the latest inflation data.
- The 10-year Treasury yield fell more than 13 basis points to 5.056%; the 30-year Treasury bond yield fell to 5.385%; the 2-year Treasury note yield was more than 5 basis points lower at 4.745%.
- Wholesale prices jumped 6.3% annually in September, the CPI rose 0.6% monthly and 3.7% annually, and fed funds futures were pricing in at least one more quarter-point hike by the end of the year.