Treasury yields fall as markets digest hotter-than-expected inflation data
U.S. Treasury yields fell on Friday as markets digested Thursday's higher-than-expected consumer price index reading and kept a close eye on the U.K. economy as the Bank of England's emergency bond-buying program is due to end. The yield on the 10-year Treasury was at 3.9197%, down by 3 basis points at around 4:40 a.m. ET. It had briefly surpassed the 4% mark on Thursday following the release of the inflation report.... Markets continued to absorb Thursday's consumer price index reading, which showed that inflation had risen more than expected in September. The price of goods had increased by 0.4% for consumers [...]