Treasury Prices Decline

Treasury prices were taking a downturn Wednesday, especially on the longer end, after a government report showed consumer-level inflation running at a slightly faster pace than analysts expected.

The 10-year note was falling 6/32 in price to 99 12/32, raising the yield to 4.70%. Prices and yields move in opposite directions. The 30-year bond was off 10/32 to 99 7/32, yielding 4.80%.

As for the shorter-term notes, the two-year was down 2/32 to 100 1/32, yielding 4.85%, and the three-year was falling 3/32 to 100 and yielding 4.74%. The five-year was giving up 4/32 to 100 8/32, yielding 4.69%. ...