10-year Treasury yield pulls back aggressively after core inflation is light in December
1. 10-year Treasury yield dropped to 4.653%, easing inflation concerns. 2. Core inflation slowed to 3.2%, below the expected 3.3%. 3. Producer prices also rose less than expected, calming inflation fears. 4. Market anticipates steady Fed interest rates at upcoming meeting. 5. Investors await retail sales and housing starts data later this week.