Treasury yields climb as investors weigh comments from Fed speakers

U.S. Treasury yields rose on Wednesday as investors assessed the latest statements from Federal Reserve officials about monetary policy and awaited important economic data. The yield on the 10-year Treasury increased by over three basis points to 4.2728%, while the 2-year Treasury yield rose by close to four basis points. The remarks from Fed officials covered topics such as the U.S. economy, interest rates, and inflation. Investors were also anticipating upcoming economic indicators, including the personal consumption expenditure price index, durable goods orders, pending home sales, and weekly initial jobless claims. A final reading of first quarter gross domestic product for the U.S. is also expected.