U.S. Treasury yields as investors weigh economic data, Fed comments [Video]

U.S. Treasury yields declined on Friday as investors sought safety following a strike by Israel against Iran, while they considered the latest economic data and remarks from Federal Reserve officials.

The yield on the 10-year Treasury was down by over 6 basis points at 4.586%. The 2-year Treasury yield was last at 4.964% after falling by almost 3 basis points.

Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.

A person familiar with the matter told NBC News that Israel conducted a limited strike against Iran. Earlier, Iran’s Fars news agency reported explosions were heard near the airport at the country’s central Isfahan city, but the reason was unknown.

Investors also digested the latest economic data and remarks from policymakers as they considered the outlook for interest rates. Fed officials have in recent days and weeks indicated that interest rates may remain elevated for longer than previously anticipated.

“I definitely don’t feel urgency …