TREASURY YIELDS RISE AS INVESTORS AWAIT KEY INFLATION DATA

U.S. Treasury yields rose again on Tuesday as traders await key inflation data due later.

🟡The 10-year Treasury yield — the benchmark for U.S. government borrowing — increased by 1 basis point to 4.4306%.

🟡The yield on the 2-year Treasury note, which typically tracks short-term interest rate decisions by the Federal Reserve, was more than 2 basis points higher, at 3.9705%.

🟡The 30-year Treasury yield rose by more than 1 basis point to reach more than 5%.

One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
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