U.S. Treasury yields ticked higher on Thursday as investors weighed the latest economic data and considered the implications it may have for Federal Reserve monetary policy.
The yield on the 10-year Treasury increased by more than 2 basis points to 4.381%. The 2-year Treasury yield was last at 4.797% after rising by 6 basis points.
Yields and prices move in opposite directions and one basis point equals 0.01%.
Bond yields edged higher Thursday morning after last week’s jobless claims came in around consensus and import prices for April surged 0.9%, higher than the 0.3% consensus estimate, according to Dow Jones.
Investors digested the latest inflation data, which they were hoping would provide fresh hints about the path ahead for Federal Reserve monetary policy.
Consumer price index data released Wednesday rose 0.3% in April from the previous month, which was just below the 0.4% estimate from economists surveyed by Dow Jones. On an…
