Despite a post-election increase, the 10-year Treasury yield finished the week lower.

The 10-year Treasury yield decreased for the second consecutive day on Friday, despite a significant increase following the election of Donald Trump as President.

The 10-year benchmark rate decreased by 3 basis points to 4.31%, following a 11-basis-point decline in the previous session. The current yield is lower than the previous Friday's level of 4.37%. The 2-year Treasury yield also slightly decreased to 4.18%.

An inverted relationship exists between yields and prices, with one basis point equivalent to 0.01%.

On Wednesday, the 10-year bond yield increased by 15 basis points, as traders predicted that President Trump's pro-business policies, such as tax cuts, could stimulate economic growth.

"As the 'Trump trade' momentum slows down, the Treasury market is stabilizing, and 10-year yields have returned to the 4.20-4.30% range, according to Ian Lyngen, BMO's head of U.S. rates."

The Federal Reserve's anticipated interest rate cut of a quarter point to a target range of 4.50%-4.75% was also digested by investors.

Powell stated that policymakers would make their decisions on a meeting-by-meeting basis and there was no set course for monetary policy. Additionally, Powell expressed optimism about the overall state of the economy.

The Fed has one meeting left on the schedule for this year, taking place on December 17 and 18. According to CME Group's FedWatch tool, traders are anticipating a 75% chance of another rate cut during this meeting.

On Friday, investors will closely monitor consumer sentiment data before preparing for the upcoming October inflation report.