U.S. Treasury yields were little changed as investors looked to economic data and remarks from Fed officials to assess the inflation and policy outlook.
U.S. Treasury yields were little changed on Friday as investors looked to economic data and comments from Federal Reserve officials to assess the outlook for inflation and monetary policy.
At 4:39 a.m. ET, the 10-year Treasury yield was trading at 3.6883% after rising by less than one basis point. The yield on the 2-year Treasury was last down by less than one basis points to 4.5043%.Investors assessed the outlook for the U.S. economy, especially regarding whether inflation is easing, and what that could mean for monetary policy.
The preliminary Michigan consumer sentiment report for February is due Friday and will provide insights into how the consumers expect the economy to develop and how they are being affected. Also on Friday, Fed Governor Christopher Waller and Philadelphia Fed President Patrick Harker are expected to make remarks, which investors will be scanning for hints about future monetary policy.
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