Treasury yields were mostly unchanged on early Friday trading as traders looked ahead to next week’s meeting by the Federal Reserve, where a rate increase is expected.
The 10-year Treasury note yield TMUBMUSD10Y, +0.34% was flat at 3.080%, close to a seven-year high at 3.119%. The 2-year note yield TMUBMUSD02Y, +0.02% was up 1.3 basis points to 2.821%, its highest since June 2008, while the 30-year bond yield TMUBMUSD30Y, +0.54% was mostly unchanged at 3.212%, according to Tradeweb data. Bond prices move in the opposite direction of yields.
