Treasury yields edge higher after pce inflation data before trading nearly flat
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Treasury yields initially edged higher Friday after the personal-consumption expenditures report, before trading nearly flat as investors weighed fresh data showing the annual rate of U.S.
inflation eased while personal income increased in April more than forecast. The yield on the 30-year Treasury note was up about 1 basis point at around 4.93%, according to FactSet data, at
last check. The 10-year Treasury yield was about flat at around 4.42%, while the 2-year Treasury yield was little changed at around 3.94%. U.S. inflation, as measured by the
personal-consumption expenditures price index, rose 0.1% in April for a year-over-year rate of 2.1%, according to a report Friday from the Bureau of Economic Analysis released at 8:30 a.m.
Eastern. Core inflation, which excludes food and energy prices, increased 0.1% last month at an annual rate of 2.5%.