TREASURY YIELDS EASE AS ENERGY COSTS DRIVE HOTTER U.S. INFLATION PRINT

Treasury yields fell on Thursday as investors mulled the implications of April’s hotter-than-expected producer price data for Federal Reserve interest rate policy.

💬 The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was down over 1 basis point to 4.465%.

💬 The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was over 1 basis point lower at 3.975%.

💬 The longer-dated 30-year Treasury bond yield was also 1 basis point lower to 5.035%.

One basis point is equal to 0.01%, and yields and prices move inversely to each another.
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