U.S. Treasury yields were higher on Friday as investors considered the path ahead for interest rates after the latest comments from Federal Reserve officials.
At 4:01 a.m. ET, the yield on the 10-year Treasury was up by over one basis point to 4.2000%. The 2-year Treasury yield was last less than one basis point higher to 4.4706%.
Yields and prices move in opposite directions and one basis point equals 0.01%.
Investors digested remarks from Fed policymakers made throughout the week as they weighed the potential path ahead for interest rates.
On Thursday, San Francisco Fed President Mary Daly indicated that she was still hoping for more data to provide evidence of inflation sustainably returning to the central bank’s 2% target rate. There had recently been some good data, she noted, but said “we’re not there yet.”
Daly also suggested making monetary policy decisions was currently a fine balance and there were risks of cutting too soon, or…
