The U.S. 10-year Treasury yield fluttered around 4% on Friday as investors assessed a key September inflation reading that came in cooler than expected. The release of the price report was delayed by the three-week-old federal government shutdown.
The 10-year Treasury yield was up 1 basis point at 3.999%, while the 2-year Treasury note yield was little changed at 3.48%. The 30-year bond yield gained more than 1 basis point to 4.588%.
One basis point equals 0.01% (1/100th of 1%), and yields and prices move inversely to one another.
The September consumer price index rose 0.3% on a monthly basis, with the annual inflation rate at 3%. Economists polled by Dow Jones expected overall consumer prices to have increased by 0.4%, the same as the month before, putting the 12-month inflation rate at 3.1%, or 0.2 percentage points higher than the August level. Notably, the annual rate marked a slight increase from August.
Core CPI, which…
