The 10-year U.S. Treasury yield rose on Friday as investors assessed recent weaker-than-expected inflation data.
The yield on the 10-year Treasury note fell 1 basis point to 4.081%, from 3.97% last week.
The two-year Treasury yield fell about 5 basis points to 3.951%.
Yields and prices move in opposite directions. One basis point is equal to 0.01%.
The producer price index – a measure of wholesale prices – was flat in September, below consensus expectations for a 0.1% rise last month, according to Dow Jones.
The 10-year Treasury yield briefly topped 4.1% in the previous session after Atlanta Federal Reserve President Raphael Bostic indicated in a commentary that he was open to the idea of one of the The Fed may decide not to cut interest rates at its last two monetary policy meetings this year.
His comments came on Thursday as U.S. inflation data came in hotter than expected. The U.S. consumer price index (CPI) rose 0.2% in September and 2.4% year-on-year, above economists' estimates of a 0.1% monthly increase and a 2.3% expansion in the last 12 months provided for a Dow Jones consensus.
—CNBC's Jeff Cox contributed to this report.
Comments are closed.