The 10-year U.S. Treasury yield held above 1.57% on Friday morning, as investors continued to digest hotter inflation data.
fell by less than a basis point to 1.9183%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
The 10-year rate made a sharp rebound on Wednesday, having lagged below 1.5% earlier in the week, following theThe consumer price index showed prices had jumped 6.2% from a year ago in October, which marked the biggest inflation surge in more than 30 years.
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