U.S. Treasury yields were higher on Friday after inflation data in Japan surprised on the upside and following the release of the Federal Reserves favored inflation measure, the Personal Consumption Expenditures (PCE) index, which was in line with expectations.
Benchmark 10-year yields were up about three basis points at 3.518%. They went as high as 3.565% in intraday trading, their highest in over a week. Two-year yields rose to 4.207%.
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