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U.S. government debt yields were higher on Friday, as investors digested commentary from the European Central Bank's latest meeting and recent commentary from Federal Reserve officials.
The yield on the benchmark 10-year Treasury note sat lower at around 2.056 percent at 3:14 p.m. ET, while the yield on the 30-year Treasury bond was down at 2.676 percent. Bond yields move inversely to prices.
Investors are likely to be digesting the comments recently made by the European Central Bank, after it decided to leave its benchmark interest rate unchanged at its September meeting.
On Thursday, ECB President Mario Draghi said he was confident the region's inflation will move towards the bank's target but .
Investors will be watching closely for any updates out of the White House, in light of the recent political news that has rocked markets as of late, including escalating tensions with North Korea and talk of a short-term extension of the , in light of the chaos Hurricane Harvey inflicted on the country.
U.S. wholesale inventories rose more than expected in July, nearly matching its biggest gain in six months recorded in June.
The Commerce Department reported an 0.6 percent increase in wholesale inventories in July, more than the 0.4 percent increase expected by economists polled by Reuters.
Looking to , oil prices have been closely watched in recent trading sessions as investors show signs of concern when it comes to the possible chaos that Hurricane Irma could inflict on the U.S. and its businesses. In afternoon trade, Brent fell to $53.78 while WTI also slipped to $47.60.