U.S. Treasury yields moved lower on Friday as investors digested this week’s economic data and ongoing tariff-related news.
The 10-year Treasury yield was 4 basis points lower at 4.423%. The 2-year yield was more than 4 basis points lower at 3.87%. The 30-year note was lower by nearly 2 basis points, yielding at 4.99%.
One basis point is equal to 0.01% and yields move inversely to prices.
Tariff news weighed on the market on Friday afternoon, after the Financial Times reported that President Donald Trump escalated his demands on the EU after weeks of negotiations over a potential trade deal. Trump is demanding a minimum of 15%-20% tariffs on imports from the bloc, according to the report.
Investors monitored a slew of data releases this week that lifted sentiment.
The University of Michigan’s Survey of Consumers for July, released Friday morning, reflected overall sentiment rose 1.8% from June to 61.8, coming out exactly in line…
