Treasury yields rose as traders weighed the path for interest rates. The 30-year Treasury yield climbed 4 basis points to about 4.84%. The 10-year yield added 2 basis points to around 4.18%. Higher long yields pressured tech shares.
Federal Reserve officials kept inflation in focus. Cleveland Fed President Beth Hammack said she would prefer policy to stay slightly more restrictive. Chicago Fed President Austan Goolsbee said he dissented against this week’s rate cut and wanted more inflation data. Philadelphia Fed President Anna Paulson said she expects inflation to cool next year, while she noted labor-market risks.
The dollar index held near unchanged after recent weakness. Spot gold rose 0.8% to about $4,313.96 an ounce, while WTI crude fell 0.6% to roughly $57.25 a barrel. Bitcoin slipped 2.5% to about $90,500.