USA 10-Year Treasury Bond Yields edged lower on Friday as market participants awaited the release of the Producer Price Index (PPI) report.
The 10-year Treasury yield fell about 2 basis points to 4.075%. The rate of return is 2-Year Treasury Bond It fell more than 2 basis points to 3.974%.
Yields and prices move in opposite directions. 1 basis point equals 0.01%.
10-Year Treasury Bond Yield Briefly exceeded 4.1% That followed comments from Atlanta Fed President Raphael Bostic that he was open to pausing rate cuts.
bostic told wall street journal If the data confirms that, he will be ready for the Fed to keep interest rates steady at its November meeting.
His comments are as follows hotter than expected U.S. inflation data on Thursday.
Data showed that the U.S. consumer price index (CPI) rose 0.2% in September, an annual increase of 2.4%, higher than economists’ expectations for a monthly increase of 0.1%, and an increase of 2.3% in the past 12 months.
On the data front, investors will turn their attention to the latest PPI data, which is expected to be released at 8:30 a.m. ET. PPI is a measure of the cost of final demand goods and services received by producers.
Preliminary data on consumer sentiment for October is expected to be released later in the session.
—CNBC’s Brian Evans contributed to this report.
