U.S. Treasury yields remained lower than Thursday, despite briefly rising directly after February inflation surprised a little to the upside.

Treasury yields fell on Friday after new inflation data showed persistent price pressures. The yield on the benchmark 10-year Treasury note declined 5 basis points, trading at 4.301%. The 2-year Treasury yield fell by 2 basis point to 3.

Treasury yields were falling Friday morning, as investors assessed a fresh report on U.S. inflation that showed core prices in February rose more than forecast. The rate on the 10-year Treasury note was down about 6 basis points at around 4.