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TREASURIES-US yields drift lower after inflation data

May 31, 2024 6:25 AM

NEW YORK, May 31 (Reuters) - U.S. Treasury yields fell

on Friday after data showed U.S. inflation for April came in

line with expectations, suggesting that the Federal Reserve

could keep rates unchanged for some time.

The personal consumption expenditures (PCE) price index rose

0.3% last month, data showed, matching the unrevised gain in

March.

The benchmark 10-year yield slid 2.6 basis points (bps) to

4.528% after the data.

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