U.S. Treasury yields rise as investors weigh Fed speaker comments

U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates.Investors weighed the path ahead for inflation and interest rates as they considered the latest remarks from Federal Reserve policymakers.A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target.

On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released. Existing home sales data for April is also expected.

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