U.S. Treasury yields steadied on Friday after a sharp sell-off the previous session, as bond markets remained tense amid oil prices trading above $100 per barrel. The 10-year Treasury note yield stood at 4.9424%, the 30-year bond yield at 5.3554%, and the 2-year note yield at 4.5598%. The Treasury Department bought back approximately $5.2 billion in bonds Thursday, adding further selling pressure to the market. Investors are closely watching Friday’s U.S. consumer price data ahead of next week’s Federal Reserve interest rate decision. August wholesale inflation rose 0.4% month-on-month, in line with estimates, while core inflation increased 0.2%, below the 0.3% forecast. Brent crude traded above $105 per barrel.
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