Treasury Yields Nudge Higher as May Inflation Hits Three-Year Peak, Core Pressures Ease
Mumbai, June 11 -- The U.S. 10-year Treasury yield held steady Wednesday as investors pored through the latest data showing inflation last month at its highest in three years, though some pricing pressures weren't as bad as feared.
The yield on the 10-year Treasury note - the main benchmark for mortgages, auto loans and credit card debt - was 2 bps higher at 4.54%.
Shorter and longer-dated maturities were also little changed. The yield on the 2-year Treasury note which closely tracks short-term Federal Reserve interest rate decisions, was up less than 1 basis point at 4.13%.
The 30-year Treasury yield which traditionally reacts more to geopolitical events, rose less than 2 bps to 5.02%.
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