Interest rates steady after US inflation data, reaffirmation of low rates in US, overseas

Interest rates barely move in bond market

CHARLOTTE, N.C. — Interest rates are barely moving in the bond market after the U.S. and Japanese central banks reaffirmed plans to keep interest rates low.

A government report on inflation at the wholesale level on Wednesday also provided additional assurance that the Federal Reserve will not have to raise its key lending rate anytime soon. The Fed has said it will hold its key interest rate at historic lows for an “extended period.”

The yield on the 10-year Treasury note maturing in February 2020 is down to 3.65 percent from 3.66 percent late Tuesday. Its price is up 1/32 to 99 25/32. The yield of the 10-year note is linked to interest rates on mortgages and other consumer loans.