Treasury yields inch higher as investors await the Fed's preferred inflation print

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U.S. Treasury yields inched higher on Friday as investors awaited the release of a key inflation measure preferred by the Federal Reserve, as well as monitored U.S. President Donald Trump’s renewed threats against Fed Chairman Jerome Powell.

The 10-year Treasury yield was up 2 basis points at 4.271%, while the 2-year yield moved 3 basis points higher to 3.75%. The 30-year yield was little changed at 4.823%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

The big event on Friday will be the release of the PCE report for May, which investors will review for fresh clues about the future monetary policy of the world’s largest economy.

Treasury yields inch higher as investors await the Fed's preferred inflation print

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