Treasury yields hold steady as investors weigh state of economy

U.S. Treasury yields showed minimal change on Wednesday as investors assessed the state of the economy and the outlook for interest rates. The yield on the 10-year Treasury was slightly up at 4.1672%, while the yield on the 2-year Treasury increased by less than one basis point. Investors considered economic data and remarks from Federal Reserve officials, particularly on the timing of interest rate cuts. The Federal Reserve Chairman indicated that waiting for inflation to reach 2% before cutting rates could be too late. The latest building permit and housing start figures were also released, providing insights into the state of the economy.