U.S. Treasury yields rise as global bond rout slows
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The benchmark 10-year U.S. Treasury yield edged up to 5.17% Friday after hitting its highest since June 2007, while the 30-year held at 5.463%. Hawkish comments from Fed Governor Michael Barr, strong economic data and high oil prices drove the week’s global bond selloff. Traders see a nearly 71% chance of an October rate hike.
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