Bond yields rise as Fed officials say they’re in no hurry to cut rates

Bond yields rose on Friday, as a pair of Federal Reserve officials suggested the central bank was in no hurry to cut interest rates.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Ywas 4.75%, up 4.5 basis points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Ywas 4.35%, up 2.3 basis points. The yield on the 30-year Treasury BX:TMUBMUSD30Ywas 4.47%, up 1.2 basis points. What’s driving markets Fed Gov. Lisa Cook, in a spe