The U.S. 10-year Treasury yield dipped below 4.10% on Friday as investors assessed the latest inflation data that came in cooler than expected.
The yield on the 10-year Treasury slipped less than a basis point to 4.088%, after having ended last week at 3.97%.
The yield on the 2-year Treasury was down about 5 basis points to 3.949%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
The producer price index — a measure of wholesale prices — came in unchanged in September, below consensus expectations of a 0.1% increase last month, according to Dow Jones.
The yield on the 10-year Treasury briefly topped 4.1% in the previous session following commentary from Atlanta Federal Reserve President Raphael Bostic that suggested he was open to the idea of possibly skipping a rate cut at one of the Fed’s last two policy meetings this year.
His comments followed hotter-than-expectedU.S. inflation data on Thursday. The U.S. Consumer …