U.S. Treasury yields climbed on Friday, reversing some of the sharp declines seen in the last two sessions on the back of cooler-than-expected inflation prints.
rose 3 basis points to 3.7890%, while the 2-year yield climbed 5 basis points to 4.6640%. Yields move inversely to prices.gained nearly 2 basis points to 3.9130%.
Investors were reacting on Thursday to the June producer price index, which showed a weaker-than-expected monthly rise of 0.1% on both the headline and core metrics. That followed Wednesday's consumer price index, which came in at an annualized 3% for June, below consensus expectations and its lowest level since March 2021.
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