The 10-year Treasury yield was marginally lower on Friday as investors looked past a slightly hotter reading of wholesale inflation
The yield on the 10-year Treasury was one basis point lower at 4.182%. The 10-year yield ended last week at 4.28%.
Meanwhile, the 2-year Treasury yield fell 5.1 basis points lower to 4.454%.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
The producer price index data released Friday reflected a slightly hotter-than-expected 0.2% increase in wholesale prices in June. Yields remained slightly higher on the report.
Treasury yields had tumbled on Thursday, with the 10-year Treasury yield falling more than 7 basis points and the yield on the 2-year Treasury tumbling more than 11 basis points.
That came after the June consumer price index unexpectedly reflected a 0.1% decline from the previous month, and came in at 3% on an annual basis, which was its lowest level in more than three…
