U.S. Treasury yields fell on Friday morning, ahead of the release of inflation and employment cost data.
The June personal consumption expenditures index is due to be released at 8:30 a.m. ET on Friday and is the Federal Reserve's preferred measure of inflation.
The Fed said in its latest policy decision on Wednesday that while progress had been made in terms of its economic targets, "substantial further progress" would be needed on its inflation and employment goals before it considered tightening its ultra-easy monetary policy.
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