US Yields Rise after Fed’s Williams Says too Soon to Talk about Rate Cuts

US yields rise after Fed President John Williams says it’s too soon to talk about rate cuts US Treasury yields rose on Friday after Williams said it was too early to talk about rate cuts.

The benchmark 10-year yield increased by 2.4 basis points (bps) to 3.955%, after reaching session highs of 3.973%. Following Williams’ remarks, U.S. two-year yields, which reflect expectations for interest rates, also reached day-highs of 4.487%. The yield was last at 4.451%, up 5.2 basis points.

Williams stated in an interview with CNBC that it is “premature” to speculate regarding rate cuts and that the Fed is “not really talking about rate cuts right now.”