U.S. Treasury yields inch higher as investors weigh the state of the U.S. economy

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U.S. Treasury yields inched higher on Friday as investors weighed the state of the U.S. economy after the Federal Reserve cut interest rates for the first time this year.

At 4:52 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.125% while the 2-year Treasury yield was little changed at 3.576%. The 30-year Treasury bond yield also added 2 basis points to 4.742%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Investors are evaluating the Fed’s interest rate cut this week, with policymakers voting 11-to-1 to lower the benchmark overnight lending rate by a quarter percentage point to a range between 4.00%-4.25%.

U.S. Treasury yields inch higher as investors weigh the state of the U.S. economy

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