CNBC: US Treasury yields rise after GDP data; Trump warns of possible North Korea conflict
U.S. government debt prices fell on Friday as investors digested key economic data.
The yield on the benchmark 10-year Treasury note rose 4 basis points to 2.331 percent, while the yield on the 30-year Treasury bond was higher at 2.995 percent. Yields move inversely to prices.
On the data front, the U.S. economy grew at a rate of 0.7 percent in the first quarter. Economists polled by Reuters expected GDP growth of 1.2 percent. Chicago PMI is due at 9:45 a.m. ET, with consumer sentiment coming out at 10:00 a.m. ET.
In other news, U.S. President Donald Trump said there was a "chance that we could end up having a major, major conflict with North Korea".
Trump, however, said he wanted a peaceful resolution to the standoff over North Korea's nuclear and missile program.
U.S. stock index futures pointed to a mixed open on Friday morning.