-
US Treasury yields mixed as inflation concerns linger
U.S. Treasury yield were mixed on Wednesday morning, as concerns around inflation continued to weigh on investor sentiment. The yield on the benchmark 10-year Treasury note fell less than basis point to 2.9659% at 4:15 a.m. ET. The yield on the 30-year Treasury bond rose less than a basis point to 3.1728%. Yields move inversely to prices and 1 basis point is equal to 0.01%.Yields remained higher, after U.S. retail sales data on Tuesday came in about as expected, despite pressure from rising inflation. In addition, Federal Reserve President Jerome Powell said on Tuesday that the U.S. central bank would continue to ... (full story)