- The 10-year Treasury yield was flat at 5.2399% and the 30-year yield was unchanged at 5.6150% on Friday morning.
- The 2-year Treasury yield rose more than 2 basis points to 4.7827%, tracking short-term Federal Reserve rate expectations.
- Trump said the U.S. will not launch strikes against Iran before the midterm election, and WTI fell 0.79% to $90.77 a barrel while Brent fell 0.99% to $103.25.
- Fed Governor Christopher Waller said more rate hikes may be needed to address inflation above the 2% target for more than five years, but hikes may not be needed immediately.
- The Treasury sold $22 billion in 30-year notes, with indirect bidders taking more than 72% of the auction versus a 10-auction average of 68%.
Quotes
“Bond yields largely steadied Friday morning as investors digested the latest Treasury auction”