U.S. Treasury yields rose on Friday, after the July consumer price index came in below expectations, with traders now looking ahead to wholesale inflation data.
ET, the yield on the benchmark 10-year Treasury note was up by around 2 basis points at 4.1055%, while the yield on the 30-year Treasury bond added almost 3 basis points to 4.2604%.
The July CPI indicated that prices rose by 3.2% year-on-year, slightly below the 3.3% consensus forecast among economists polled by Dow Jones.
Tiffany Wilding, managing director and economist at Pimco, said the Thursday data would be welcomed by the Federal Reserve.
Investors are awaiting more economic data out on Friday, with the July producer price index due at 8:30 a.m.
Persons:
Dow Jones, Tiffany Wilding, " Wilding
Organizations:
Treasury, Federal Reserve, Traders
Locations:
U.S