Treasury yields move higher as investors await key inflation data

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U.S. Treasury yields were higher on Friday as investors keenly anticipated the postponed inflation reading, which will offer much needed insights on the state of the U.S. economy.

At 4:55 a.m. ET, the benchmark 10-year Treasury yield

was up more than 2 basis points at 4.012%, while the 2-year Treasury note yield rose 1 basis point to 3.497%. The 30-year bond was up 2 basis points to 4.595%.

One basis point is equal to 0.01% and yields and prices move inversely to one another.

Treasury yields move higher as investors await key inflation data

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