Treasury yields rise as investors weigh inflation, jobs data

Treasury yields edged higher on Friday morning, rebounding from moves seen in Thursday’s session.

The yield on the benchmark 10-year Treasury was around 2 basis points higher by 3:50 a.m. ET, trading at 4.036%. On Thursday, it fell by 4 basis points to touch on the 4% level after data prints showed prices were rising while the labor market was weaker than anticipated.

The yield on the 5-year Treasury gained 3 basis points on Friday morning, while 30-year Treasury yields rose by 1 basis point.

One basis point equals 0.01%, and bond yields and prices move in opposite directions.

The U.S. consumer price index rose to 2.9% on an annual basis in August, data showed on Thursday, with the CPI notching its biggest monthly jump since January. Annual core inflation — more closely watched by Fed officials — rose to 3.1%.

Treasury yields rise as investors weigh inflation, jobs data

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