The yield on U.S. Treasuries inched higher on Friday as markets awaited the release of labor market data, which could give indications about inflation and future Federal Reserve policy. … Data released earlier in the week, including an unexpected decline in job openings, led some investors to believe the gap was narrowing and that this could affect Federal Reserve policy. Fed speakers, however, stuck to the hawkish tone of the last weeks on Thursday, with Chicago Federal Reserve President Charles Evans saying the Fed expects to hike interest rates by another 125 points across their next two meetings as central bankers continued to be concerned about recent inflation readings.
Source: CNBC – Bonds
