Treasury yields nudge higher as investors look ahead to inflation data

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U.S. Treasury yields were higher on Wednesday as investors weighed the latest economic data and looked ahead to the release of inflation data later in the week.

At 6:30 a.m. ET, the benchmark 10-year Treasury yield moved up over 2 basis points to 4.174%, and the 2-year Treasury yield also rose 2 basis points to 3.508%. The 30-year Treasury bond yield was up 2 basis points to 4.847%.

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

Investors are still weighing jobs data that the U.S. Bureau of Labor Statistics released on Tuesday for both November and October, which had been delayed due to the historic 43-day U.S. government shutdown.

Treasury yields nudge higher as investors look ahead to inflation data

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