February 1, 2018 / 3:19 PM / 3 months ago

TREASURIES-U.S. yields rise further after ISM Jan factory data

NEW YORK, Feb 1 (Reuters) - U.S. Treasury yields climbed further on Thursday as a private report on domestic factory activity in January showed prices manufacturers paid rose to their highest level in nearly seven years, suggesting inflation is gaining traction.

At 10:11 a.m. (1511 GMT), benchmark 10-year Treasury yield was up 1.3 basis points at 2.733 percent. The 10-year yield reached a near four-year high at 2.754 percent on Wednesday, according to Reuters data.

Reporting by Richard Leong

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