US bond prices turn higher after Sept CPI data

NEW YORK: US Treasury prices rose on Tuesday, erasing earlier losses as data showed underlying inflation moderated in September, supporting the view there is ample slack in the economy and the Federal Reserve would stay on a glacial path to raise interest rates.

Benchmark 10-year Treasury notes were up 2/32 in price for a yield of 1.757 percent, down 1 basis point from late on Monday.

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