U.S. Treasury yields little changed as investors await more economic data

U.S. Treasury yields were broadly flat on Wednesday morning, as markets await more economic data releases following the December inflation print.

The yield on the benchmark 10-year Treasury was last 1 basis point lower at 4.1595%, while those on 2-year and 30-year Treasurys were little changed, trading at 3.524% and 4.823% respectively.

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

Wednesday will bring the publication of the November Producer Price Index by the Bureau of Labor Statistics. Data on U.S. retail sales and figures for December existing home sales are also due for release.

On Tuesday, data showed the consumer price index — a key inflation metric that could influence the Federal Reserve’s monetary policy decision making — rose 2.7% in the 12 months to December. The reading was flat compared to the previous month and in line with expectations.

U.S. Treasury yields little changed as investors await more economic data

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