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Bond Report: Treasury yields higher as focus turns to Jackson Hole

Treasury yields rose Friday after a Federal Reserve policy maker added to calls for a potential rate hike next month and investors looked ahead to Federal Reserve Chairwoman Janet Yellen’s speech next week.

The yield on the 10-year Treasury note TMUBMUSD10Y, +2.99% the U.S. benchmark, rose 4.4 basis points to 1.58%, according to Tradeweb. Yields and debt prices move inversely; a basis point is a hundredth of a percentage point.

San Francisco Fed President John Williams late Thursday said he would like to see another interest rate rise “sooner rather than later,” which was viewed as suggesting he would potentially favor a move at the Fed’s next policy meeting in September.

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