One basis point equal 0.01%.
The benchmark 10-year Treasury yield fell more than 3 basis points to 4.518%.
The 2-year Treasury yield was down more than 1 basis point to 4.912%.
U.S. Treasury yields were slightly lower on Friday after the Federal Reserve's preferred inflation data came in mostly in line with economist expectations.
Fed officials have repeatedly indicated that they are looking for more data evidence that inflation is easing before moving to cut rates, and that patience would be required.
Persons:
Dow Jones
Organizations:
Treasury, U.S, Federal, PCE, Fed