NEW YORK, May 30 (Reuters) - Yields on two-year Treasury notes were little changed to marginally higher on Friday, after data showed inflation came in line with expectations last month, while consumer spending slowed, suggesting the Federal Reserve remained on track to cut interest rates this year.
The two-year yield was slightly up at 3.941% US2YT=RR, while the benchmark 10-year yield inched up to 4.424% US10YT=RR
Friday's data showed the Personal Consumption Expenditures Price index (PCE) rose 0.1% in April compared with a 0.1% increase expected by economists polled by Reuters. Annually, it stood at 2.1% against estimates of 2.2%.