The 10-year U.S. Treasury yield hit 1.51% early on Friday, ahead of key inflation data, due out later in the morning.
climbed by 1 basis point to 1.8811%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The Bureau of Labor Statistics is due to release the November consumer price index at 8:30 a.m. ET on Friday.
on the previous month, according to Dow Jones estimates. That would represent a 6.7% increase in inflation year-on-year, which would be the highest reading for headline CPI in nearly 40 years.were filed last week, well below the 211,000 forecast by economists and the lowest reading since 1969.
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