Treasury yields rise as new data shows expectations of higher inflation

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U.S. Treasury yields were higher on Friday as traders digested downbeat consumer sentiment data, which indicated a significant uptick in inflation expectations.

The yield on the 10-year Treasury added more than 5 basis point to trade at 4.5%. The 2-year Treasury yield also rose by more than 6 basis points to 4.87%. Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.

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