Treasury yields dropped Thursday, as investors cashed in some technology shares and fled to the safety of bonds following the latest inflation data. 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, according to the Bureau of Labor Statistics. Economists polled by Dow Jones were forecasting an advance of 5.5% annually. That comes on the heels of the latest consumer price index that came in hotter than expected.
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