Treasury yields rise ahead of crucial inflation data

U.S. bond yields rose early Thursday as traders waited for the January personal consumption expenditure data data expected to show inflation picked up last month.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yadded 3.2 basis points to 4.672%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Yrose 2.4 basis points to 4.290%. The yield on the 30-year Treasury BX:TMUBMUSD30Yclimbed by 2.5 basis points to 4.431%. What’s driv