Treasury yields move higher as investors weigh Trump's State of Union address

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U.S. Treasury yields were higher on Wednesday as investors weighed President Donald Trump’s State of the Union address, which largely focused on the economy.

At 5:07 a.m. ET, the benchmark 10-year Treasury yield was up 2 basis points at 4.053%. The 30-year Treasury bond yield was 1 basis point higher at 4.703%. The 2-year Treasury note yield also added 1 basis point to 3.473%.

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

Investors watched Trump’s State of the Union on Tuesday, which had a major focus on the economy, and lasted nearly two hours, the longest on record.

Treasury yields move higher as investors weigh Trump's State of Union address

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