by Lisa Kailai Han and Katrina Bishop
CNBC.com
The benchmark 10-year Treasury note yield fell again on Friday as data released this week pointed to easing inflation.
The 10-year Treasury yield was trading around 4.209%, down about 3 basis points. The 2-year Treasury note yield was marginally higher at 4.694%.
Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.
The moves come after the producer price index, a measure of inflation at the wholesale level, slipped 0.2% in May, lower than economists’ expectations of a 0.1% uptick and a 0.5% rise in April. The data was released Thursday.