U.S. Treasury yields trade mixed on Friday, after registering the biggest rise in months and the 10-year Treasury broke through a technical resistance level...
U.S. Treasury yields were mixed on Friday, after registering the biggest rise in months and the 10-year Treasury broke through a technical resistance level above 1.40% as investors reacted to Wednesday’s Federal Reserve policy update.
What Treasury yields are doing What’s driving the market? Yields were trading mixed on Friday, slipping back from an overnight rise in Asian hours, as investors awaited a parade of Fed speakers, which will include Powell, just a few days after the central bank’s updated policy statement and his news conference.
In addition, Cleveland Fed President Loretta Mester will speak to the Ohio Bankers League conference at 8:45 a.m. Eastern, and Kansas City Fed President Esther George will discuss the outlook for economy and monetary policy at an event hosted by the American Enterprise Institute at 10 a.m. Eastern.
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