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US Treasury yields higher; Fed eyed

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters
Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

U.S. Treasury yields were higher on Friday as investors digested remarks from several prominent central bank speakers.

St. Louis Fed President James Bullard said in a speech he believes there is a good chance that U.S. inflation will hit 2 percent by the end of next year, adding that the job market has largely normalized.

New York Fed President William Dudley also spoke on the economy, saying the Fed may soon reach its goals to lift rates.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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Ahead of the open, President of the European Central Bank (ECB) Mario Draghi said that the bank stands ready to act promptly and decisively if it decides that its current policy is failing to stimulate the sluggish euro zone economy.

The yield on the benchmark 10-year Treasury note sat at 2.2561 percent, after closing at 2.246 percent on Thursday. The yield on the 30-year Treasury bond was flat at 3.0103 percent, after closing at 3.002 percent.

On the data front, the Kansas City Fed manufacturing survey is set to be released Friday.

In oil markets, Brent crude traded at around $44.58 a barrel, up 0.9 percent, while U.S. crude was at around $40.39 a barrel, down 0.3 percent.

— CNBC's Patti Domm and Matt Clinch contributed to this report