Treasury yields rose slightly early Friday after a mixed set of data on weekly unemployment claims.
The yield on the benchmark 10-year Treasury note rose 3 basis points at 4.607%, down slightly from its peak earlier in the week but back above the 4.6% level that it has not breached since May. Two-year Treasury notes were slightly higher at 4.334%.
One basis point equals 0.01%. Returns move inversely with prices.
After the Christmas holiday, unemployment claims data released Thursday for the week ending December 21 came in 1,000 lower at 219,000, below Dow Jones' forecast of 225,000.
However, continuing claims rose by 46,000 for the week ending December 14 to the highest level since November 2021.
The 10-year Treasury yield rose more than 40 basis points in December as traders expect a more hawkish Fed in 2025. The central bank next meets at the end of January, when it is expected to hold interest rates.
Monthly data on wholesale inventories is scheduled for release on Friday.
