Treasury yields are little changed as investors digest latest inflation report
- Treasury yields were little changed on Thursday as investors digested key data on wholesale prices.
- The benchmark 10-year Treasury yield was up nearly 2 basis points at 4.334%.
- One basis point is equal to 0.01%, and yields and prices move in opposite directions.
U.S. Treasury yields were little changed on Thursday as investors digested key data on wholesale prices.
The benchmark 10-year Treasury yield was up nearly 2 basis points at 4.334%. The 2-year Treasury yield climbed less than 1 basis point to 3.999%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
The producer price index was unchanged in February, while economists polled by Dow Jones expected a 0.3% month-over-month increase.
This follows the consumer price index report on Wednesday, which came in softer than expected at 0.2% on a monthly basis and 2.8% on an annual basis, showing that prices for goods and services moved up less than expected in February.
These results may have calmed investors’ concerns about the growth of the economy and the potential impacts that U.S. President Donald Trump’s tariffs may have on inflation.
Correction: The February PPI report was slated for release at 8:30 a.m. ET. A previous version misstated the time.