Treasury yields drift lower amid sharp rise in U.S. wholesale prices and new pandemic low on jobless claims

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Treasury yields drifted lower early Thursday even though data showed U.S. wholesale prices rose sharply in September and weekly jobless claims sank to a new pandemic low amid a frantic effort by companies to hire more workers. What are yields doing? The yield on the 10-year Treasury note TMUBMUSD10Y, 1.535% fell to 1.528%, down from 1.549% at 3 p.m. Eastern on Wednesday. The 2-year Treasury yield TMUBMUSD02Y, 0.358% was at 0.354%, compared with 0.368% late Wednesday. The 30-year Treasury bond TMUBMUSD30Y, 2.041% yielded 2.034%, down from 2.041% on Wednesday. What’s driving the market? Government data released on Thursday added to growing fears that the U.S. may be stuck with persistently higher inflation as employers continued to struggle to hold onto workers.U.S. wholesale prices rose sharply in September for the ni
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