Treasury yields were up slightly Friday morning, following a U.S. inflation report that was in line with Wall Street’s expectations. The yield on the 10-year Treasury was rising about one basis point to around 4.

PCE data lifts Treasury yields and the dollar as the Fed's preferred inflation gauge meets expectations. The price index rises 2.6% in December from a year before, up from 2.4% in the 12 months through November.

U.S. Treasury yields inched higher on Friday as investors parsed the latest inflation reading as well as other economic data.

Yields on U.S. government debt turned little changed Friday morning after December readings from the Federal Reserve’s preferred inflation report met expectations.

U.S. Treasury yields were unchanged on Friday as investors parsed the latest inflation reading as well as other economic data. The 10-year Treasury yield was marginally lower at 4.508%, and the 2-year Treasury yield was fractionally higher at 4.