Treasury Yields Rise As Strike Threatens Growth, Inflation

Treasury yields rise, on path for another weekly gain, in the wake of higher-than-expected indicators earlier this week and ahead of Wednesday’s Fed rate decision. An auto workers strike that started overnight could add support to yields if it lasts long enough to weaken US economic growth and fuel price increases, Spartan’s Peter Cardillo says in a note. The 10-year is at 4.338% and the two-year at 5.037%. Later today, US August industrial production is expected to accelerate and September consumer sentiment is forecast to decline.