Treasury yields inch higher as investors digest cooler inflation data

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U.S. Treasury yields were higher on Friday as investors digested a tame inflation print and awaited more economic data to end the week.

At 5:30 a.m. ET, the 10-year Treasury yield rose 2 basis points to 4.145%, while the 2-year Treasury yield was up 1 basis point at 3.47%. The 30-year Treasury bond yield rose 3 basis points to 4.83%.

One basis point is equal to 0.01%, and yields and prices have an inverse relationship.

Investors are still weighing up a lighter-than-expected inflation reading from Thursday, after the consumer price index rose at a 2.7% yearly rate in November, Economists polled by Dow Jones expected CPI to have risen 3.1%.

Treasury yields inch higher as investors digest cooler inflation data

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