U.S. Treasury yields fell Friday after a key inflation reading came in near economists’ expectations, indicating inflationary pressures may be ebbing slightly. The yield on the benchmark 10-year Treasury note fell 4.2 basis points to 1.227% at 11:30 a.m. ET. The yield on the 30-year Treasury bond shed 2.7 basis points to 1.889%. Yields move inversely to prices. One basis point equals 0.01%. The personal consumption expenditures index — the Federal Reserve’s preferred measure of inflation — increased 3.5% in June from a year prior. Economists surveyed by Dow Jones expected a 3.6% jump.
Source: CNBC
