U.S. Treasury yields edged higher early Wednesday before the release of the U.S. consumer inflation data for January.
What are Treasurys doing?
The 10-year Treasury note yield
rose 1.5 basis points to 1.172%, nearing the key 1.2% level that has contained the benchmark maturity since last February. The 2-year note rate
was flat at 0.117%, while the 30-year bond yield
climbed 1.7 basis points to 1.964%.
What’s driving Treasurys?
Bond yields renewed their trend higher before a release of January consumer prices data. MarketWatch-polled analysts are…