The 10-year Treasury yield remains unchanged after the Labor Department adjusts December's inflation data.

On Friday, the 10-year Treasury note yield remained unchanged as investors considered revised consumer price index data indicating that inflation was increasing at a slower rate than initially reported for December.

The yield on the increased by more than 2 basis points to 4.482%, while the yield remained flat at 4.173%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

On Friday, the Bureau of Labor Statistics from the Labor Department released revisions to the consumer price index, showing that the inflation gauge increased by 0.2% in December, which was less than what was previously reported. As a result, treasury yields momentarily decreased.

The latest jobless claims data, released on Thursday, indicates that the economy and labor market are showing signs of resilience, with fewer claims than expected.

Recent Fed officials' commentary indicates a more cautious stance on interest rate cuts, which has led to speculation that the Fed may not act until later in the year. This contradicts investor expectations that a cut could occur as soon as March.

The number of rate cuts this year may be lower than anticipated, according to remarks from policymakers, with Minneapolis Fed President Neel Kashkari predicting two or three rate cuts in 2024.