Treasury yields in focus as investors monitor stimulus

U.S. government debt prices were lower on Friday morning, as leaders on Capitol Hill scrambled to put the finishing touches on a U.S. stimulus deal.At around 5:05 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.9396%, while the yield on the 30-year Treasury bond was also higher at 1.6877%. Yields move inversely to prices.Congress on Thursday appeared to draw closer to reaching an agreement over a coronavirus aid package, with both major parties citing progress.Lawmakers have run short on time to pass government funding and a pandemic rescue package before federal funding lapses at 12:01 a.m. ET on Saturday.On the data front, third-quarter currency account balance data will be released at 8:30 a.m. ET, with leading index figures for November scheduled to follow slightly later in the session.There are no major U.S. Treasury auctions scheduled on Friday.Meanwhile, the U.S. dollar rose just over 0.2% against a basket of currencies to trade at 90.001 on Friday, marginally above a more than two-year low.The U.S. dollar index is down 1.28% week-to-date, on pace for its fourth negative week in five.— CNBC’s Jacob Pramuk contributed to this report.

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