Treasury yields nudge lower as investors await inflation data

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U.S. Treasury yields were lower on Thursday as investors awaited inflation data, which will offer insights into the state of the U.S. economy.

At 4:59 a.m. ET, the 10-year Treasury was down 1 basis point to 4.135%. The 2-year Treasury yield declined by 2 basis points to 3.464%. The 30-year Treasury bond yield was less than 1 basis point lower to 4.818%.

One basis point equals 0.01%, and yields move inversely to prices.

Traders are awaiting the consumer price index reading, which is slated to be released by the Bureau of Labor Statistics at 8:30 a.m. ET. It marks the first consumer inflation report since the historic 43-day U.S. government shutdown, which ended last month.

Treasury yields nudge lower as investors await inflation data

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