U.S. Treasury yields rose in subdued Trade on Friday, with the 10-year’s moving up from a brush a day ago with the 4% psychological level, as investors digested weak data that opens the door next week to the first monetary policy easing in nine months.
The yield on the benchmark 10-year note moved a few ticks lower after the midmorning release of the University of Michigan’s preliminary September sentiment index, which came in at 55.4, the lowest since May and below August’s 58.2 and economists’ average expectation of 58.0.
But it held above Thursday’s five month low at 3.994% and late in the session was at 4.06%, up 4.9 basis points for the day.
US treasury yields rise as bond market consolidates for Fed cut
American Treasury yields saw an increase on Friday. This happened even after weak economic data hinted at possible policy easing. The 10-year note yield hovered around 4%. Investors are awaiting retail sales data. The Federal…
