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Treasury yields rise slightly as investors weigh the state of the U.S. economy

Traders work on the floor at the New York Stock Exchange in New York City, Nov. 22, 2024.
Brendan McDermid | Reuters

Treasury yields were slightly higher Wednesday as investors awaited more economic data and digested U.S. President Donald Trump's latest comments.

The 10-year Treasury yield edged up around 3 basis points to 4.607%. The 2-year Treasury yield ticked higher by close to 2 basis points to 4.297%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

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Investors are watching closely for comments from Trump following his inauguration and the impact this will have on the U.S. economy.

Trump signed more than 40 executive orders on his first day in the White House, including withdrawing the U.S. from the Paris Climate Agreement, pardoning roughly 1,500 people who were charged in relation to the attack on the Capitol on Jan. 6, 2021, and ending diversity, equity and inclusion programs.

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The president also made comments about tariffs, a topic traders have been monitoring closely. Trump said he's considering imposing 25% tariffs on Mexico and Canada and a 10% levy on China.

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