U.S. Treasury yields edged higher after mixed weekly unemployment benefits data early Friday.
Benchmark yield 10-Year Treasury Bond It rose 3 basis points to 4.607%, slightly below the peak earlier this week but back above the 4.6% level not breached since May. this 2-Year Treasury Bond Slightly higher at 4.334%.
1 basis point equals 0.01%. Yield is inversely proportional to price.
After the Christmas holiday, Apply for unemployment benefits Data released on Thursday for the week ended Dec. 21 fell by 1,000 to 219,000, below the Dow Jones consensus forecast of 225,000.
However, continuing claims increased by 46,000 in the week ended December 14, reaching the highest level since November 2021.
10-year Treasury yield rises more than 40 basis points in December as traders push Fed expected to become more hawkish in 2025. The central bank is expected to keep interest rates unchanged at its next meeting at the end of January.
Monthly data on wholesale inventories will be released on Friday.
