10-year yield falls below 4% on stagflation risk following hot producer prices reading

One basis point is equal to 0.01%, and yields and prices move in opposite directions.The benchmark 10-year Treasury yield fell more than 4 basis points to 3.972%, while the 30-year Treasury bond yield dropped more than 3 basis points to 4.636%. The 2-year Treasury note yield was lower by more than 4 basis points at 3.399%.U.S. Treasury yields fell Friday as investors reacted to a stronger-than-expected January wholesale inflation report, and a tumbling stock market amid rising fears of artificial intelligen ...