U.S. Treasury yields steady ahead of key U.S. inflation data releases

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U.S. Treasury yields showed little movement in early trade Thursday as investors prepared for several key data releases, which will shed further light on the evolving inflationary backdrop and the outlook for interest rates.

The yield on the 10-year U.S. Treasury

note — the benchmark for government borrowing — was flat at 4.2872%. Meanwhile, the yield on the 2-year Treasury

note, which is typically more sensitive to short-term Federal Reserve interest rate decisions, fell about 1 basis point to 3.7832%.

U.S. Treasury yields steady ahead of key U.S. inflation data releases

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Treasury yields little changed ahead of key inflation reports