Treasury yields inch lower as investors await delayed inflation data

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U.S. Treasury yields moved lower on Friday as investors awaited a key inflation report from September and looked ahead to the Federal Reserve’s meeting next week.

At 4:35 a.m. ET, the 10-year Treasury yield fell by less than a basis point to 4.104%, while the 30-year Treasury yield was little changed at 4.763%. The 2-year Treasury yield was also flat at 3.523%.

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

The key data point on Friday will be the delayed personal consumption expenditures index for September, known as the Fed’s preferred inflation gauge, which investors will parse through for insights on the state of the U.S. economy. This will be the first PCE report since the 43-day U.S. government shutdown.

Treasury yields inch lower as investors await delayed inflation data

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