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US Treasury yields under pressure ahead of Fed speeches

Alexandra Gibbs
  • Looking to data, consumer sentiment and the job openings and labor turnover survey (JOLTS) are both due out at 10 a.m. ET.
  • A number of speeches by members of the U.S. Federal Reserve are due to take place Friday.

U.S. government debt prices eked out gains on Friday.

The yield on the benchmark 10-year Treasury note was lower at around 2.826 percent at 5:05 a.m. ET, while the yield on the 30-year Treasury bond was lower at 3.027 percent. Bond yields move inversely to prices.

On Friday, economic data and speeches by members of the U.S. central bank are expected to keep bond investors busy.

Looking to data, consumer sentiment and the job openings and labor turnover survey (JOLTS) are both due out at 10 a.m. ET.

In central banking news, St. Louis Fed President James Bullard is due to speak at Washington University's Calhoun lecture series in St. Louis. In Texas, Dallas Fed President Robert Kaplan will be at the Odessa Chamber of Commerce member luncheon, while Boston Fed President Eric Rosengren will attend Greater Boston Chamber of Commerce's Economic Outlook Breakfast in Boston.

Investors will be watching these speeches closely to see if any of the central bankers talk about the state of the U.S. economy, after the latest minutes release by the Federal Open Market Committee was published this week .

Elsewhere, investors will be keeping an eye on politics, after President Donald Trump taunted Russia with the threat of imminent military action in Syria.

Markets have been on edge in recent days after Trump appeared to criticize the Kremlin for its supporting Syrian President Bashar Assad, following a suspected chemical attack last weekend. Markets have since eased, after Trump clarified his position on a possible missile attack in Syria.

No auctions are due to take place Friday.



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