10-year Treasury yield jumps back above 4.5% after March inflation tops estimates
U.S. Treasury yields were little changed Wednesday, as investors looked out for the release of U.S. consumer inflation data later in the day, which could signal the outlook for interest rates. At 7:05 a.m. ET, the yield on the 10-year Treasury was almost flat at 4.358%. The yield on the 2-year Treasury was last at 4.739% after dipping by less than one basis point. Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. Investors awaited fresh inflation figures, as uncertainty about the path ahead for Federal Reserve monetary policy, specifically for interest rates, has grown [...]