Treasury yields climb as investors weigh comments from Fed speakers
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U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve officials about monetary policy and awaited key economic data. At 3:56 a.m. ET, the yield on the 10-year Treasury note was up by over three basis points to 4.2728%. The 30-year yield was last at 4.7306% after rising by close to four basis points. Investors digested remarks from Federal Reserve officials about the U.S. economy and the outlook for interest rates. Fed Governor Michelle Bowman said the central bank was not ready to cut rates, but did not take further interest rate hikes off the table. Fed Governor Lisa Cook expects little change to inflation rates this year, but sees inflation slowing more sharply next year. Investors also looked ahead to key economic data due later in the week, including the personal consumption expenditure price index on Friday. On Wednesday, investors will be following the release of durable goods orders, pending home sales, and weekly initial jobless claims. A final reading of first-quarter gross domestic product for the U.S. is also slated.



https://www.cnbc.com/2024/06/26/us-treasury-yields-as-investors-weigh-fed-speaker-comments.html