The 10-year Treasury yield was lower on Thursday as investors looked ahead to a key inflation gauge and monitored President Donald Trump’s continued attempts to control the Federal Reserve.
The benchmark 10-year Treasury yield was down more than 2 basis points to 4.209%, while the 2-year yield was up less than 2 basis points to 3.637%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Investors will also keep an eye on economic data, including the gross domestic product data growth rate for the second quarter, which is set to be released on Thursday morning. They will also await the personal consumption expenditures price index — the Fed’s preferred inflation gauge — on Friday morning, which will offer fresh insights into the health of the U.S. economy.
They remain concerned about the repeated threats to the Fed’s independence, as Trump has escalated his attacks in recent days, including…
