Treasury yields hold steady as investors look ahead to key inflation gauge

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U.S. Treasury yields held steady on Thursday as investors looked ahead to a key inflation gauge and monitored President Donald Trump’s continued attempts to control the Federal Reserve.

At 5:19 a.m. ET, the 10-year Treasury yield was down less than one basis point to 4.234%, while the 2-year yield was up less than a basis point to 3.627%.

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

Investors remain concerned about the repeated threats to the Fed’s independence, as Trump has escalated his attacks in recent days, including announcing that he’s firing Fed Governor Lisa Cook on social media on Monday.

Treasury yields hold steady as investors look ahead to key inflation gauge

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