Yields on United States Treasuries rose on Thursday with the 10-year note yield climbing back above 4% after the release of the latest inflation report. The Bureau of Labor Statistics said annual inflation in the US declined to 8.2% in September, but the figure was still higher than analysts had expected. Furthermore, on a monthly basis, consumer prices in the country climbed 0.4%.
The yield on the benchmark 10-year Treasury note was up 13.2 basis points to 4.034% at 8:54 am ET and the yield on the 2-year note added 19.3 basis points to hit 4.487% at the same time. The yield on the 30-year bond increased by 9.7 basis points to 3.984% at 8:55 am ET.
Bond futures, which move in the opposite direction to yields, declined. The 2-year note futures were down 0.37% at 8:46 am ET, the 10-year note futures fell 0.98% and the 30-year Treasury futures dropped 1.40% at the same time.
