Treasury yields slide as investors await Fed's preferred inflation gauge

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U.S. Treasury yields were lower on Thursday as investors awaited the personal consumption expenditures index for June — the Federal Reserve’s preferred inflation gauge.

At 5:12 a.m. ET, the 10-year Treasury yield dipped over 1 basis point to 4.358%. The 2-year yield was little changed at 3.93%, and the 30-year bond yield shed over 3 basis points to 4.88%.

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

Investors are keenly awaiting the Fed’s favored inflation print on Thursday, due to be released at 8:30 a.m. ET, and will offer fresh insights into the impacts of tariffs on the economy. Economists polled by Dow Jones forecast headline PCE rising 2.5% on a yearly basis and 0.3% on a monthly basis.

Treasury yields slide as investors await Fed's preferred inflation gauge

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