Treasurys sold off on Wednesday, pushing long-term rates to their highest levels in almost three months, following a weak $16 billion sale of 20-year bonds.
Inflation revisions don’t generally make waves. But they did last year and it’s for this reason that investors are preparing for what Friday’s updated data.
U.S. bond yields were steady Friday ahead of the release of the January jobs report, which could bring a March interest rate cut by the Federal Reserve back.