Treasury yields fell Friday after Bloomberg News reported President Donald Trump is leaning towards Federal Reserve Gov. Jerome Powell as the next chairman of the Fed. Fed Gov. Powell is viewed as similar to Chairwoman Janet Yellen on monetary policy. The yield on the 10-year Treasury note was at 2.433%, compared with 2.452% late Thursday in New York. The 2-year Treasury yield [S: tmubmsud02y] stood at 1.584%, versus 1.618% in the previous session, while the 30-year Treasury bond yield traded at 2.945%, compared with 2.959% late Thursday. Bond prices move inversely to yields.
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