Treasury yields steady as Trump strikes diplomatic tone on Iran ahead of midterms

Bond yields largely steadied Friday morning as investors digested the latest Treasury auction and President Donald Trump's pledge not to attack Iran until after the midterm elections. Yields on 10-year U.S. Treasurys — the main benchmark for mortgages, auto loans and credit card debt — were last seen flat at 5.2399%. The yield on longer-dated 30-year U.S. Treasury notes — which tend to move on geopolitical events — was also unchanged at 5.6150%. The yield on the 2-year Treasury note , which more closely follows short-term Federal Reserve rate decisions, was more than 2 basis points higher at 4.7827%. One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.