US Treasury bond yields higher on data

Prices for US Treasury bonds were lower and yields increased slightly after the US Labor Department issued new data showing that consumer inflation was up less than it had been expected to rise in April. Consumer prices were up 0.4 percent during the month, while core prices were up by 0.2 percent.

At the same time, the Empire State Manufacturing index was said by the Federal Reserve Bank of New York to have grown to a reading of 8 in May, after being at 3.8 in April, an indication that manufacturing in the region is expanding.

Two-year Treasury bonds were yielding 4.718 percent at early afternoon in New York, while ten-year issues were at 4.718 percent, higher than Monday’s close at 4.689 percent. Thirty-year paper was yielding 4.890 percent.

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