Treasury yields move higher as investors await Trump's Fed Chair pick
Statele Unite
U.S. Treasury yields moved higher on Friday as investors await President Donald Trump's announcement on his pick for the next Federal Reserve Chair. At 4:45 a.m. ET, the 10-year Treasury yield was more than 3 basis point higher to 4.265%, while the 2-year Treasury note yield was up less than 1 basis point to 3.557%. The 30-year Treasury yield rose 4 basis points to 4.9%. One basis point is equivalent to 0.01%, and yields and prices move in opposite directions. Trump said Thursday evening that
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