U.S. Treasury yields were mixed on Friday, as market participants assessed the prospect of major central banks implementing further interest rate hikes to curb soaring inflation.
The yield on the benchmark 10-year Treasury note was last seen trading slightly higher at 3.108%, while the yield on the 30-year Treasury bond rose around 5 basis point to 3.229%. Yields move inversely to prices.
On the data front, new home sales for May and a final reading of consumer sentiment for June will be released at 10.00 a.m. ET.
Elsewhere, Fed speakers are likely to be closely monitored throughout the session. St. Louis Fed President James Bullard and San Francisco Fed President Mary Daly will deliver remarks on the U.S. economy at separate events on Friday.