Treasury yields rise Friday as worries over higher Fed rates simmer.

U.S. Treasury yields were higher on Friday as Federal Reserve officials suggested interest rates would go higher still, after recent economic data had given investors hope about inflation easing.

On Friday, the yield on the benchmark 10-year Treasury traded 4 basis points higher at 3.819%. The 30-year Treasury yield was trading 4 basis points up at 3.932%, after trading above 4% last week.

The moves came as a series of Fed speakers indicated that the central bank would continue on its path of interest rate hikes. Many have been concerned about the pace of hikes leading the U.S. economy into a recession and have been scanning Fed speaker comments for hints about a change in policy.

On Friday, Boston Federal Reserve President Susan Collins expressed confidence that policymakers can tame inflation without doing too much damage to employment. And St. Louis Fed President James Bullard said Thursday that the funds rate could need to rise to as high as 7%.

Also Thursday, Minneapolis Fed President Neel Kashkari said rate hikes should continue until there is certainty that inflation has stopped climbing and that this point had not been reached yet.

Recent economic data has given investors hope that inflation could be coming down. Last week’s CPI reading showed a smaller-than-expected rise in consumer prices for the month of October. Meanwhile, October wholesale prices this week came in below economists’ average forecasts.