US Treasury yields off highs after Trump inauguration

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U.S. government yields edged off session highs Friday as investors looked to the inauguration of President Donald Trump.

The yield on the benchmark 10-year Treasury note held a touch higher at around 2.47 percent, but off session highs, while the yield on the 30-year Treasury bond was also higher at 3.05 percent. The was near 1.20 percent. Yields move inversely to prices.


Trump spoke in his inauguration speech of putting "America first" and said he would "transfer power from Washington, D.C." to the people.

"If Trump was more conciliatory, yields would have gone up, but yields dipped since he was more negative," said Bryce Doty, senior fixed income manager with Sit Investment Associates.

"Trump can't just call for unity and have it happen. There will have to be multiple cases of bipartisan legislation passed to have skeptics like myself believe" Trump truly wants unity, Doty said.

The U.S. dollar index traded 0.3 percent lower. In oil markets Friday, Brent crude was around $55.48 a barrel, up 2.4 percent, while U.S. crude futures for February delivery traded 2 percent higher near $52.33.

CNBC's Patti Domm and Evelyn Cheng contributed to this report