U.S. Treasury Yields Tick Lower as Investors Await Fresh Batch of Economic Data

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U.S. Treasury Yields Tick Lower as Investors Await Fresh Batch of Economic Data
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U.S. Treasury yields were slightly lower on Friday as market participants awaited a fresh batch of economic data.

, the first month-over-month decrease since April 2020, the month after Covid-19 was declared a pandemic. Economists surveyed by Dow Jones had been expecting an increase of 0.2%.

The PPI marked a second report this week pointing to easing price pressures. Data on Wednesday showed that U.S. consumer prices, slowing from the previous month in large part due to a drop in oil prices. Economists had expected an 8.7% annual climb. The data reflected an easing of inflation and prompted investors to question the prospects of the Federal Reserve slowing the pace of rate hikes as soon as September.

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