Treasury yields were slightly higher early Friday after a mixed set of weekly jobless claims data.
Yield on benchmark 10-year treasury it was 3 basis points higher at 4.607%, down slightly from its peak earlier this week, but back above the 4.6% level it hasn’t breached since May. The 2-year treasury was slightly higher at 4.334%.
One basis point is equal to 0.01%. Yields move inversely with prices.
After the Christmas holidays, claims for the unemployed data released Thursday for the week ended Dec. 21 was 1,000 lower at 219,000, below the Dow Jones consensus forecast of 225,000.
However, ongoing claims rose by 46,000 in the week ended December 14 to the highest level since November 2021.
The yield on the 10-year Treasury note rose more than 40 basis points in December as traders predicted by Federal Reserve hawks in 2025. The central bank next meets at the end of January, when rates are expected to remain unchanged.
Monthly data on wholesale inventories is due on Friday.
