Treasuries Wobble as Powell Speaks

Group 1 - Key U.S. government debt is experiencing fluctuations between losses and gains for the day [1] - The 10-year yield briefly traded above 4.19%, the level at which it closed yesterday, indicating that higher yields correspond to lower bond prices [1] - The perception of "one more and done" regarding the Federal Reserve's rate cuts may be influencing the rise in yields, as higher interest rates can lead to increased yields [2]