Treasury yields fall as investors weigh economic data, Fed comments

Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.Investors digested the latest economic data and remarks from policymakers as they considered the outlook for interest rates. Fed officials have in recent days and weeks indicated that interest rates may remain elevated for longer than previously anticipated.

"I definitely don't feel urgency to cut interest rates," New York Fed President John Williams said on Thursday, adding that this position was linked to strength in the economy. Interest rates would eventually need to be cut, but that would depend on how the economy develops, he said at Semafor's World Economy Summit.

Elsewhere, Atlanta Fed President Raphael Bostic said rate cuts may not come until the end of the year, and that he was "comfortable being patient," while Minneapolis Fed President Neel Kashkari suggested rate cuts may not begin until 2025. The comments echo those of other Fed policymakers, including Chairman Jerome Powell.came in far higher than expected, indicating strength in the sector.

Investors also continued to consider how geopolitical tensions could affect markets. A source told NBC News that Israel had carried out a

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