U.S. Treasury yields climbed on Friday, reversing some of the sharp declines seen over the last two sessions on the back of cooler-than-expected consumer and wholesale inflation prints.
ET, The yield on the benchmark 10-year Treasury note rose 3 basis points to 3.795%, while the 2-year yield climbed 6 basis points to 4.675%.
At the longer end of the curve, the yield on the 30-year Treasury bond gained 2 basis points to 3.915%.
Investors were reacting on Thursday to the June producer price index, which showed a weaker-than-expected monthly rise of 0.1% on both the headline and core metrics.
That followed Wednesday's consumer price index, which came in at an annualized 3% for June, below consensus expectations and its lowest level since March 2021.
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Treasury, Investors, Fed, Traders, University of Michigan