The 10-year U.S. Treasury yield rose more than 3 basis points on the day the PCE inflation data was released, with a cumulative increase of over 12 basis points this week

On Friday (December 5), at the New York close, the yield on the 10-year U.S. Treasury rose by 3.69 basis points to 4.1351%, an increase of 12.18 basis points for the week. The yield on the 2-year U.S. Treasury rose by 3.77 basis points to 3.5603%, with a cumulative increase of 7.10 basis points for the week; the yield on the 30-year U.S. Treasury rose by 3.41 basis points to 4.7888%. The yield on the 10-year Treasury Inflation-Protected Securities (TIPS) rose by 3.64 basis points to 1.8428%; the yield on the 2-year TIPS rose by 1.44 basis points to 1.0566%; the yield on the 30-year TIPS rose by 3.59 basis points to 2.5663%