Treasury yields hold steady ahead of key inflation data

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Treasury yields held steady Friday as investors weighed the latest developments in the U.S.-Iran war and looked ahead to key inflation data.

As of 6:20 a.m. ET, the benchmark 10-year Treasury yield was mostly flat at 4.275%. The 30-year Treasury bond yield was up 1 basis point to 4.901%. Meanwhile, the 2-year Treasury note yield dropped by nearly 2 basis points at 3.744%.

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

Investors are awaiting the latest reading of the personal consumption expenditures index — the Fed’s preferred gauge of inflation — which is scheduled for release later on Friday.

Treasury yields hold steady ahead of key inflation data

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