Treasury yields edge higher as investors await fresh inflation and housing data

U.S. Treasury yields edged higher Thursday as bond trading resumed after the Veterans Day closure and investors looked ahead to fresh inflation and housing data for clues about the economy and the Federal Reserve's next move. The yield on the 10-year U.S. Treasury note — the benchmark for mortgages, auto loans and credit card debt — was up 2 basis points at 5.0100%. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate decisions, was 5 basis points higher at 4.7800%. The longer-dated 30-year Treasury note yield — which often moves on geopolitical developments — was steady at 5.3503%. One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.