US Treasury yields edged lower as markets awaited PCE data

Treasury yields fell, giving up some of Thursday's gains on better-than-expected initial jobless claims data. The focus of Friday's US data was September's personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, delayed by the longest US government shutdown in history. Yields on maturities fell 1 basis point to 1.5 basis points in Asian trading, with two-year yields falling 1.2 basis points to 3.518 per cent and 10-year yields falling 1.4 basis points to 4.093 per cent, according to Tradeweb.