U.S. Treasury yields rose slightly on Friday morning, ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated speech at the central bank’s Jackson Hole symposium.
The yield on the benchmark 10-year Treasury note added less than a basis point, advancing to 1.346% at 4 a.m. ET. The yield on the 30-year Treasury bond rose less than a basis point to 1.941%. Yields move inversely to prices and 1 basis point equals 0.01%.