Treasuries Gain to End Choppy Week as Focus Shifts to Inflation

Treasuries advanced at the close of the week as mixed economic data reinforced expectations the Federal Reserve will stay on hold, shifting the market’s focus back to inflation.

Friday’s gains pushed yields lower by two basis points across tenors, capping a week of swings driven by shifting expectations around the war in Iran. Benchmark 10-year yields closed at 4.36%, little changed from last Friday.