Treasury yields rise as investors await key inflation data

U.S. Treasury yields were higher on Wednesday as investors awaited the release of the latest consumer inflation figures, which could affect Federal Reserve interest rate policy.
At 3:58 a.m. ET, the yield on the 10-year Treasury was up by over three basis points to 4.3001%. The 2-year Treasury yield was last at 5.0241% after rising by close to two basis points.
Yields and prices move in opposite directions and one basis point equals 0.01%.