U.S. Treasury yields were unchanged on Wednesday morning ahead of critical economic data releases, with investors monitoring how the latest inflation print will shape interest rate decisions.The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was flat at 4.5284%.Shorter- and longer-dated yields were also last seen holding steady. The yield on the 2-year Treasury note, which closely tracks short-term Federal Reserve interest rate decisions, was unmoved at 4.1328%.Meanwhile, the 30-year Treasury yield, which traditionally moves on geopolitical events, also stood still at 4.0535%.One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.Borrowing costs edged lower during Tuesday's session, as investors prepare for a flurry of inflation reports this week.The annual core inflation rate, due later from the Bureau of Labor Statistics, is expected to show U.S. inflation jumped to 4.2% year-on-year in May, up from April's reading of 3.8%. That will be followed by May's producer price inflation data on Thursday, "People think that the consumer price inflation index is the end-all be-all when it come to the inflation story, but tomorrow's PPI is hugely important too," said Peter Boockvar, CIO, One Point BFG Wealth Partners.