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Stock impact report

Treasury yields hold steady ahead of key inflation data [CNBC]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: CNBC
As of 6:20 a.m. ET, the benchmark 10-year Treasury yield was mostly flat at 4.275%. The 30-year Treasury bond yield was up 1 basis point to 4.901%. Meanwhile, the 2-year Treasury note yield dropped by nearly 2 basis points at 3.744%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Investors are awaiting the latest reading of the personal consumption expenditures index — the Fed's preferred gauge of inflation — which is scheduled for release later on Friday. “CPI printed in-line with consensus expectations for February, a ho-hum release that reflects the period before the escalation of military action in the Middle East that will lift inflation readings next month due to higher energy prices,” said Josh Jamner, senior investment strategy analyst at ClearBridge Investments. Brent crude oil, the global benchmark, held above $100 on Friday morning as the U.S.-Iran war headed toward its third week. By 6:30 a.m. ET, Brent futures were almost Show less Read more
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