Bonds | U. S. Treasury Yields Analysis on Friday , December 17, 2021 (Morning Edition): Treasury Yields Inch Lower Amid Caution Over Omicron Variant.
Source: cnbc.com Vicky McKeever 2 minutes U.S. Treasury yields inched lower on Friday morning, as investors remained cautious over the spread of the omicron variant. The yield on the benchmark 10-year Treasury note saw little movement, falling slightly to 1.4208% at 3:30 a.m. ET. The yield on the 30-year Treasury bond moved less than a basis point lower to 1.8538%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Treasurys The spread of the omicron Covid variant continued to weigh on investor sentiment. The U.K. reported a record number of daily cases on Thursday — at nearly 90,000 infections. The Federal Reserve's more hawkish turn on monetary policy also remained in focus for investors. The Fed said on Wednesday that it would speed up the reduction of its monthly bond purchases and indicated that it is looking at hiking interest rates in 2022. Simon Lue-Fong, head of fixed income at