Long-dated U.S. Treasury yields rose on Friday ahead of the release of an index that will show the extent of producer price inflation and a day after major Wall Street equities indexes closed down despite encouraging unemployment claims data.
The yield on the benchmark 10-year Treasury note rose 2.7 basis points to 1.329 percent, as of 6:17 a.m. New York time on Sept. 10, while that on the 30-year Treasury bond also rose 2.7 basis points to 1.927 percent. Yields move in the opposite direction to prices, with analysts often associating rising yields on longer-dated Treasuries with an increase in risk-on sentiment by investors leaving the relative safety of government securities for riskier assets.
