The yield on the benchmark 10-year Treasury note rose by 3 basis points to 1.7398% at 4:30 a.m. ET. The yield on the 30-year Treasury bond moved 2 basis points higher to 2.0796%. Yields move inversely to prices and 1 basis point is equal to 0.01%. U.S. Treasury yields climbed on Friday morning, as investors remained focused on hawkish comments from Federal Reserve officials. On Thursday, Philadelphia Fed President Patrick Harker told CNBC's "Closing Bell" that he believed that interest rates could be hiked three or four times this year. Earlier that day, Chicago Fed President Charles Evans said he saw three interest rates as most likely this year, but was also open to more. These developments follow the release of key inflation data. The December producer price index, released on Thursday mornin . . . read the full article here.
Keywords: rates, focus, rose, told, probably, yield, climb, yields, price, comments, basis, hawkish, fed, treasury
DATE: 1982, month, Friday, 10-year, 30-year, 12-month, December, Thursday, Wednesday, this year, the beginning of year
TIME: morning, 4:30 a.m. ET
PERCENT: 7%, 0.2%, 0.4%, 0.01%, 1.7398%, 2.0796%
CARDINAL: 1, 2, 3, four, three
WORK_OF_ART: Closing Bell, Squawk Box Europe