US Treasury Yields Dip Slightly Amid Economic Data Anticipation and Fed Official Commentary

U.S. Treasury yields experienced a slight decrease on Friday as investors awaited further economic data releases and analyzed recent remarks from Federal Reserve officials regarding persistent inflation and potential tariff effects. At 4:40 a.m. ET, the 10-year Treasury yield edged down less than one basis point to 4.4896%, while the 2-year Treasury yield also saw a marginal decrease of less than one basis point, settling at 4.2597%. Investors are keenly awaiting economic releases, including January's existing home sales figures, expected to provide insights into the U.S. economy's health. The S&P Global Purchasing Managers' Index is also under scrutiny. Throughout the day, Fed officials, including Governor Philip Jefferson and San Francisco Fed President Mary Daly, are scheduled to speak. Recent comments from Fed officials, such as St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic, suggest a cautious approach to rate cuts due to inflation concerns.