Investors digested the lower-than expected consumer price index for March on Wednesday and awaited wholesale prices figures.
At 5:41 am ET, the yield on the 10-year Treasury note was -0.047%. The yield on the
The change was small, at 3.426%. The 3.426% was little changed.
The last time it traded at 3.975%
One basis point is equal to 0.01%.
Investors pondered what the future holds for the U.S. Economy and Federal Reserve Policy as the
Consumer Price Index published on Wednesday
Inflationary pressures may be decreasing.
The prices rose by 0.1% monthly in March, and by 5% over the past year. This is slightly below what economists surveyed previously by Dow Jones expected.
The latest producer prices index, which tracks wholesale price inflation, will be released on Thursday. According to a Dow Jones poll, the PPI declined by 0.1% month-over-month in February. However, economists expect it to remain flat in March.
Data will likely influence the Fed's future policy decisions. The central bank said that depending on the economic data, it may pause interest rate increases soon after its last meeting. However, many investors expect a 25 basis-point rate increase at the Fed's meeting in May.