Bonds

US Treasury yields hold steady as G-7 Summit takes center stage

U.S. government debt yields held steady on the last trading day of the week as world leaders convened for the G-7 summit.

The yield on the benchmark 10-year Treasury note inched higher to 2.94 percent at 4:02 p.m. ET, while the yield on the 30-year Treasury bond also ticked up to 3.086 percent. Bond yields move inversely to prices.

Treasurys

With little economic data out on Friday, investors turned their attention to the G-7 summit in Quebec, Canada. President Donald Trump is scheduled to appear Friday at the meeting, alongside other major leaders — including those who currently govern nations that Trump has inflicted tariffs upon.

One aspect that's put investors on edge is a fresh tweet by Trump, who accused France and Canada of levying "massive tariffs" and establishing "non-monetary barriers."

This came after French President Emmanuel Macron told reporters that while the U.S. incumbent may not mind being isolated, the other leaders could sign a six-country agreement if need be.

Elsewhere, any developments surrounding talks between the U.S. and North Korea will continue to keep investors on edge, as a summit between the two nations draws closer.

In a speech Thursday, Trump stated that if the initial meeting in Singapore on June 12 goes well, he would be open to inviting Kim Jong Un to the U.S.