FX.co ★ Treasury Yields Little Changed at the End of a Volatile Week

The yield on the US 10-year Treasury note remained relatively stable at 4.24% on Friday, retreating from the nearly five-month highs observed earlier in the week. Investors are carefully evaluating the prospects for the US economy ahead of the upcoming Federal Reserve policy meeting. Simultaneously, there is a sense of relief following President Trump's decision to reconsider proposed tariffs on Europe, coupled with indications that an agreement concerning Greenland has been reached. In terms of data, the University of Michigan's consumer sentiment index has been revised upwards to a five-month peak. Meanwhile, preliminary S&P Global PMI readings indicate a slight deceleration in growth across both the services and manufacturing sectors. At present, market expectations suggest that the Federal Reserve will maintain the federal funds rate at its current level next week, with an anticipated rate cut now forecasted for June.