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Treasury yields rise ahead of main inflation indicator

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Treasury yields rise ahead of main inflation indicator

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The 10-year US Treasury yield held above 1.82% on Friday morning ahead of the release of a key inflation indicator.

The yield on the benchmark 10-year Treasury note rose 1 basis point to 1.8266% at 3:30 a.m. ET. The yield on 30-year Treasury bills climbed 2 basis points to 2.1126%. Yields move inversely to prices and 1 basis point equals 0.01%.

The December Personal Consumption Expenditure Index, which is the Federal Reserve’s primary measure of inflation, is scheduled for release at 8:30 a.m. ET on Friday.

Investors will be watching the data closely, as the Fed indicated after its last policy meeting this week that it may start raising interest rates in March in an attempt to rein in inflation.

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Personal income and spending data for December is also due out at 8:30 a.m. ET, along with the fourth quarter employment cost index.

The final reading of the University of Michigan Consumer Sentiment Index for January is then expected to be released at 10 a.m. ET.

No auction is scheduled for Friday.

Treasury yields rise ahead of main inflation indicator

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