Government bond yields rose Friday morning amid concerns about the possibility of higher inflation.
The benchmark 10-year Treasury note yield rose to 1.297% at 4 a.m., while the yield on the 30-year Treasury note rose to 2.084%. The returns move inversely to the prices.
Yields tend to rise with inflation expectations as bond investors begin to believe that central banks will take their foot off the gas and reduce asset purchases.
Markit Purchasing Managers’ index data for February is released at 9:45 am CET, followed by the existing home sales for January at 10 am CET.
There are no auctions planned on Friday.
– CNBC’s Elliot Smith contributed to this report.
Comments are closed.