Treasury yields move higher as investors await more economic data

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U.S. Treasury yields continued to move higher on Thursday as investors awaited further economic data and looked ahead to a key inflation report.

At 4:36 a.m. ET, the 10-year Treasury yield rose over 1 basis point to 4.099%, and the 30-year Treasury bond yield also traded up more than 1 basis point to 4.724%. The 2-year Treasury note yield was 1 basis point higher at 3.478%.

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

Investors are awaiting more economic data on Thursday including weekly jobless claims and pending home sales at 10 a.m. ET. They’re also looking ahead to the personal consumption expenditures index on Friday, which is the Federal Reserve’s favored inflation gauge.

Treasury yields move higher as investors await more economic data

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