Dollar Steady, Treasury Yields Rise as Bond Investors Seek Equilibrium

The US dollar holds steady while Treasury yields edge higher as bond markets attempt to stabilize after a volatile week that saw 10- and 30-year yields hit new 24-year highs. Prospects of further Fed rate hikes have eased slightly after softer PCE and labor data, capping yields temporarily. DHF Capital notes Fed rhetoric has become more cautious but policymakers haven't abandoned tightening bias. DXY at 102.10, 10-year yield up 2.2 bps to 5.255%.