TREASURIES-US yields briefly trim losses after inflation data

NEW YORK, Feb 28 (Reuters) - U.S. Treasury yields briefly trimmed their losses on Friday, but remained lower on the day, after data showed a key core inflation measure edging higher last month, reinforcing expectations the Federal Reserve will pause rate cuts for some time.

The core Personal Consumption Expenditures (PCE) price index, which strips out the volatile food and energy components, gained 0.3% last month after an unrevised 0.2% rise in December, data showed. In the 12 months through January, core inflation increased 2.6% after climbing 2.9% in December.

The benchmark 10-year yield pared losses following the data but remained lower. It was last at 4.256% US10YT=RR, 2.7 bps down on the day.