Longer-dated U.S. Treasury yields dipped on Friday after the latest round of economic data and were set for a weekly decline as markets have largely priced out any chance of a rate hike from the Federal Reserve at its policy meeting later this month. The Labor Department said import prices increased 0.3% last month, above the estimate of economists polled by Reuters that called for a 0.7% decrease, after a downwardly revised 1.7% advance in May.
The data showed declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods.
