Treasury yields hold steady as investors look ahead to inflation print

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U.S. Treasury yields were unchanged on Wednesday as investors turned their attention to the upcoming inflation print which is set to offer much-needed insights during an economic data blackout.

At 4:31 a.m. ET, the benchmark 10-year Treasury yield was little changed at 3.963%. The 2-year Treasury note yield fell less than 1 basis point to 3.457%, while the 30-year bond yield also held steady at 4.546%.

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

The key economic data this week is the consumer price index, slated for release on Friday morning, which investors will parse through for insights on price pressures ahead of the Federal Reserve’s next interest rate decision in late October.

Treasury yields hold steady as investors look ahead to inflation print

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