Treasury yields were unchanged Friday as investors monitored the latest developments in the Middle East, after a U.S. official said it would continue to hold “technical talks” with Iran despite a flare-up in hostilities.<\/p>\n
The 10-year Treasury<\/a> yield \u2014 the main benchmark for mortgages, auto loans and credit card debt \u2014 was flat at 4.5372%.<\/p>\n The yield on the 2-year Treasury<\/a> note, which typically moves in line with short-term Federal Reserve interest rate decisions, also held firm at 4.1682%. The longer-dated 30-year Treasury<\/a> yield was seen holding steady at 5.0536%.<\/p>\n One basis point equals 0.01%, or 1\/100th of 1%, and yields and prices move inversely to one another.<\/p>\n With no major economic data releases expected Friday, traders continue to watch events in the Middle East closely, as renewed missile strikes between the U.S. and Iran<\/a> this week further strained the already-fragile ceasefire agreement.<\/p>\n Oil prices eased further during early trading after a U.S. official said<\/a> Washington remains committed to finding a solution to the conflict, according to an MS Now report. <\/p>\n West Texas Intermediate futures<\/a> were last seen 0.26% lower at $71.88 per barrel. Brent crude<\/a> \u2014 the global oil price benchmark \u2014 was down 0.28% at $76.12.<\/p>\n Treasury yields \u2014 which spiked earlier in the week after Trump told the NATO summit in Ankara, Turkey that the ceasefire is “over<\/a>” \u2014 edged lower on Thursday.<\/p>\n