T-Yields Lower Ahead CPI Data

Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.

Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.

Treasuries dated three years and out were seeing some modest buying on Thursday, nudging prices higher and most yields lower, as US stocks gave up some ground after the market’s open following a three-day rally.

US Treasury yields likely dipped because investors continued to keep an eye on the latest news around the omicron variant, as well as economic data.

The yield on the benchmark 10-year Treasury note fell 1 basis point to 1.494%. The yield on the 30-year Treasury bond moved less than a basis point lower to 1.868%. Yields move inversely to prices and 1 basis point is equal to 0.01%.