U.S. Treasury yields plunge after hot CPI print as investors await more economic data - CNBC

Treasury yields dropped Thursday, as investors cashed in some technology shares and fled to the safety of bonds. The benchmark 10-year Treasury yield last fell more than 13 basis points to 5.056%, as did the 30-year Treasury bond yield to 5.385%. The 2-year Treasury note yield was more than 5 basis points lower to 4.745%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. Wholesale prices jumped 6.3% annually in September, the biggest gain since 2022. Investors are digesting the CPI print for September, released on Wednesday, which came in hotter than forecast. The consumer price index , a measure of goods and services costs across the U.S. economy, rose 0.6% monthly and 3.