Treasury Yields Retreat But the 10-Year Holds Above 1.68%, Following Inflation Data Shock

By Vicky McKeever, CNBC •
Updated 2 hours ago
Source: The New York Stock Exchange
The 10-year yield closed the previous session at 1.70%, it's highest point in over a month, after a key inflation report showed prices increased faster than expected.
April's Producer Price Index is expected to be released at 8:30 a.m. ET on Thursday.
U.S. Treasury yields retreated on Thursday morning, though the 10-year rate held above 1.68%, following a higher-than-expected inflation print.
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The yield on the benchmark 10-year Treasury note fell to 1.6864% at 4:40 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.4010%. Yields move inversely to prices.

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