Investors await further inflation data

Investors await further inflation data

U.S. Treasury yields ticked higher Thursday after new U.S. data pointed to persistent wholesale inflation. The 2-year Treasury yield climbed 4 basis points to 3.73%. The benchmark 10-year note yield added nearly 5 basis points to 4.285%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. The producer price…

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