Treasury yields rose early Friday after a mixed set of weekly jobless claims data.
Profitability in the benchmark 10-year Treasury was 3 basis points higher at 4.607%, slightly below the high earlier in the week but again above the 4.6% level it has not exceeded since May. The 2-year treasury was slightly higher and amounted to 4.334%.
One basis point is 0.01%. Yields change inversely to prices.
After the Christmas break, unemployment claims data released Thursday for the week ending Dec. 21 fell 1,000 to 219,000, below the Dow Jones consensus of 225,000.
However, continuing claims rose by 46,000 in the week ending December 14, to the highest level since November 2021.
In December, the yield on 10-year Treasury bonds rose by more than 40 basis points expect the Federal Reserve to be more hawkish in 2025. The next central bank meeting will be at the end of January, when interest rates are expected to remain on hold.
On Friday, we will get monthly data on wholesale inventories.