U.S. government debt yields rose Friday as investor concerns over U.S.-China trade relations, Brexit and other geopolitical issues relaxed.
Traders also looked ahead to next week’s Federal Reserve meeting.
|US 3-MO||U.S. 3 Month Treasury||1.674||0.00||0.00|
|US 1-YR||U.S. 1 Year Treasury||1.604||0.008||0.00|
|US 2-YR||U.S. 2 Year Treasury||1.624||0.042||0.00|
|US 5-YR||U.S. 5 Year Treasury||1.626||0.041||0.00|
|US 10-YR||U.S. 10 Year Treasury||1.80||0.034||0.00|
|US 30-YR||U.S. 30 Year Treasury||2.289||0.03||0.00|
The moves come after weak economic data in the previous session, fueling expectations of another interest rate cut by the Federal Reserve.
New orders for U.S.-made capital goods fell more than expected last month, data published Thursday showed. It appeared to indicate that business investment remains soft, as the world struggles with a global manufacturing slowdown and the U.S.-China trade war.
The U.S. central bank has already cut interest rates twice this year and market participants expect another move lower later this month.
At present, market expectations for a quarter-point rate cut on Wednesday are at 93.5%, according to the CME Group’s FedWatch tool.