Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
U.S. Treasury yields rose slightly Thursday as investors continued to digest meeting minutes from the Federal Reserve and awaited fresh inflation data.
The 10-year Treasury yield was a basis point higher at 4.078%, while the 2-year Treasury was virtually flat at 4.024%.
Yields move inversely to prices. One basis point equals 0.01%.
Investors are looking ahead to fresh consumer price index data to get a handle on the current course for inflation. Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12 months.
A 30-year Treasury auction is also due later in the session.
Yields rose Wednesday as minutes from the Federal Reserve's last meeting pointed to some division over the size of the rate cut.
10-year Treasury yields have been climbing steadily over recent days, jumping to 4% on Monday after last week's stronger labor market readings, and following the Fed's cut.
Money Report
In recent days, it has hit its highest level in more than two months.
Get a weekly recap of the latest San Francisco Bay Area housing news. Sign up for NBC Bay Area’s Housing Deconstructed newsletter.
