Treasury yields move higher as investors await Trump's Fed Chair pick

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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.

Treasury yields move higher as investors await Trump's Fed Chair pick

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