U.S. Treasury yields fell slightly on Friday morning, ahead of the release of December’s nonfarm payrolls report.
In addition, San Francisco Fed President Mary Daly said that the central bank needs to raise raise in order to keep the economy in balance. However, Daly added that the Fed should reduce its balance sheet only after raising rates." on Friday that his firm believes March is"too soon" to start raising interest rates.
At the same time, Thiel suggested that the pace at which the Fed raises rates should be more in focus than when it starts to do so.CNBC's Pippa Stevens contributed to this market report.
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