Treasury yields cooled early Thursday, easing some of the pressure on stock futures, after the latest wholesale inflation data. Here is where bond yields stood in recent trade: The yield on the 2-year Treasury note fell by 3 basis points to 4.

U.S. Treasury yields rose sharply on Wednesday as investors reacted to the hotter-than-expected January consumer inflation report. The 10-year Treasury yield jumped 9 basis points at 4.627%, while the 2-year Treasury yield rose more than 7 basis points to 4.