The 10-year U.S. Treasury yield was held above 1.83% ahead of the release of key inflation indicators on Friday (28th).
The yield on the benchmark 10-year U.S. Treasury note rose 2.9 basis points to 1.837% at 6 a.m. ET on Friday. The 30-year Treasury yield climbed 3.6 basis points to 2.127%. Yields are inversely proportional to price, with 1 basis point equal to 0.01 percentage points.
The December Personal Consumption Expenditure Index (PCE), the Fed’s most-watched major inflation gauge, will be released at 8:30 am ET on Friday (28th).
Investors will be watching the data closely after the Fed said after its latest policy meeting this week that it could start raising interest rates in March to help curb inflation.
Economic data released at the same time also included personal income and spending data for December, as well as the employment cost index for the fourth quarter.
The University of Michigan’s final consumer confidence index for January is scheduled for release at 10 a.m. ET.