Treasury yields are higher as investors await key inflation report

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U.S. Treasury yields moved higher on Wednesday as investors awaited February’s inflation report and monitored U.S.-Iran war developments.

At 3:54 a.m. ET, the benchmark 10-year Treasury yield rose more than 2 basis points to 4.159%. The 30-year Treasury bond was also up over 2 basis points to 4.797%. The 2-year Treasury note yield also rose 2 basis points to 3.59%.

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

The consumer price index report for February is set to be released Wednesday morning, which investors will parse for clues about the health of the U.S. economy. Economists polled by Dow Jones expect the headline CPI to have risen 2.4% on a yearly basis.

Treasury yields are higher as investors await key inflation report

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