Americans and the Federal Reserve got some welcome news Thursday on inflation.

Treasury yields tumble after October CPI comes in weaker than expected

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U.S. Treasury yields declined across the board on Thursday after the October consumer price index report,

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The benchmark 10-year Treasury yield slumped 18 basis points to 3.946%, falling below the psychological 4% level.

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The yield on the 2-year Treasury note fell 23 basis points to 4.395%.

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Since all 3 of our design inspThe consumer price index rose 7.7% in October from a year earlier. Economists surveyed by The Wall Street Journal had expected a 7.9% increase. iration leans more minimal, we can gracefully incorporate all styles.

The core CPI, which excludes volatile energy and food prices, rose 6.3%, versus an expected 6.5%.

Inflation moderates in October, but consumers won't feel much relief.