U.S. Treasury yields fell on Friday as investors awaited economic data that could affect Fed interest rate policy and as debt ceiling deal talks continued.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors awaited Friday's release of the personal consumption expenditures price index for April, which is the Fed's preferred inflation gauge. In recent weeks, Fed officials have givenSome have indicated that they would prefer to pause the Fed's rate-hiking campaign as they do not believe the
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