Bond yields slip ahead of next week’s GDP revision, PCE inflation data

Treasury yields were drifting lower Friday afternoon in the absence of any major U.S. economic data or appearances by Federal Reserve officials. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Ywas 4.703%, down less than 1 basis point from 4.712% on Thursday. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Ywas 4.245%, down 8.1 basis points from 4.326% on Thursday. The yield on the 30-year Treasury BX:TMUBMUSD30Ywas 4.370%, dow