Treasury yields held their ground on Friday ahead of a key update on the state of inflationary pressures in the U.S. economy, a risk for bond investors who have jumped into long-term government debt this year.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, +1.51% was up 0.5 basis point to 1.521%. The 2-year note rate TMUBMUSD02Y, +0.79% was up 1.2 basis points to 1.542%, while the 30-year bond yield TMUBMUSD30Y, +1.21% was up 0.6 basis point to 1.985%. Bond prices move in the opposite direction of yields.
