Slight increase in treasury yields as investors analyze recent economic information.

On Thursday, U.S. Treasury yields increased slightly as investors considered the latest inflation information and anticipated upcoming crucial economic indicators.

The 10-year Treasury yield increased by one basis point to 4.665% at 7:08 a.m. ET, while the 2-year Treasury yield was 2 basis points higher at 4.287%.

An inverse relationship exists between yields and prices. A basis point is equivalent to 0.01%.

On Wednesday, the 10-year and 2-year Treasury yields plummeted, with the 10-year yield decreasing by 13 basis points and the 2-year yield falling by 10 basis points.

The core-CPI print slowed to 3.2% on an annual basis after the release of December's consumer price index, which was lower than the 3.3% forecast by economists polled by Dow Jones. Core inflation, which removes more volatile food and energy prices, grew 0.2% from the previous month, which was also below expectations.

Meanwhile, headline inflation rose 0.4% monthly and 2.9% annually, easing worries about a possible inflation surge.

The December retail sales figures, which are due on Thursday, are predicted to show a 0.5% increase, lower than the 0.7% increase seen in the previous month, according to a Dow Jones consensus estimate.

Before the latest building permit and housing starts data, which is slated for Friday, weekly initial jobless claims are also due on Thursday.

The upcoming Federal Reserve meeting on Jan. 28-29 is closely being monitored by investors, despite the broadly softer-than-expected core inflation print. According to CME Group's FedWatch tool, traders are still pricing in a 97.3% chance of rates being held steady at the next meeting.