The benchmark 10-year Treasury was holding just over 4% on Friday as more Federal Reserve officials were due to speak and a report on the services sector was due.
-
The yield on the 2-year Treasury
TMUBMUSD02Y,
4.866%
was 4.86%, down 4.5 basis points. Yields move in the opposite direction to prices. -
The yield on the 10-year Treasury
TMUBMUSD10Y,
4.010%
was 4.01%, down 5.6 basis points. -
The yield on the 30-year Treasury
TMUBMUSD30Y,
3.941%
was 3.94%, down 5.9 basis points.
Yields on the benchmark 10-year Treasury, through Thursday, have climbed 25 basis points this year, after a wave of surprisingly strong economic data.
Fed Gov. Christopher Waller late Thursday said he would want to take interest rates even higher than projected unless job creation drops back down to levels consistent with last year’s downward trajectory and CPI inflation pulls back “significantly.”
Dallas Fed President Lorie Logan and Fed Gov. Michelle Bowman are due to speak Friday, and the Institute for Supply Management’s services index will be released.
