May 10, 2018 / 12:50 PM / 2 months ago

TREASURIES-U.S. bond yields extend fall as April CPI disappoints

NEW YORK, May 10 (Reuters) - U.S. Treasury yields added to their earlier decline on Thursday as a smaller-than-expected increase of the consumer price index in April reduced expectations domestic inflation is picking up steam amid a tightening labor market.

At 8:44 a.m. (1244 GMT), the yield on benchmark 10-year Treasury notes was 2.970 percent, down 2.5 basis points from late on Wednesday. (Reporting by Richard Leong)

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