P&G Earnings Top Estimates as Price Hikes Offset Rising Costs

P&G Earnings

On Wednesday (Procter & Gamble) quartly P&G earnings and revenue reported that topped Wall Street’s expectations as price hikes helped offset higher commodity and freight costs. On the heels of its strong performance, the company also raised its outlook for sales growth but said it expects inflation to weigh even more heavily on its fiscal 2022 results.

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P&G Earnings Top Estimates as Price Hikes Offset Rising Costs via @marketinvestor

Ten Year Treasury Yield Jumps to Two Year High

Treasury Yield

The 10-year U.S. Treasury yield jumped to its highest point in two years on Tuesday morning, topping 1.83%. The yield on the benchmark 10-year Treasury note soared 5 basis points to 1.8305% at 3:40 a.m. ET. The yield on the 30-year Treasury bond climbed 3 basis points to 2.1492%.

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Ten Year Treasury Yield Jumps to Two Year High via @marketinvestor