Treasury yields decline as investors await Fed's preferred inflation gauge

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U.S. Treasury yields inched lower on Thursday as investors awaited the Federal Reserve’s preferred inflation gauge and weighed the latest trade and geopolitical developments.

At 4:30 a.m. ET, the 10-year Treasury yield was down 1 basis point to 4.239%. The 30-year Treasury bond was also 1 basis point lower to 4.851%. The 2-year Treasury note yield was down less than 1 basis point to 3.591%.

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

Investors are keenly awaiting the personal consumption expenditures price index, due at 10 a.m. ET, which offers insights into consumer spending behavior. The weekly initial jobless claims data is also set to be released at 8:30 a.m. ET.

Treasury yields decline as investors await Fed's preferred inflation gauge

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