Treasury yields were slightly higher early Friday after mixed weekly jobless claims data.
The return of the benchmark 10-year Treasury Department was 3 basis points higher at 4.607%, slightly below its peak earlier in the week but back above the 4.6% level it had not exceeded since May. The 2 years treasury was slightly higher at 4.334%.
One basis point is equal to 0.01%. Yields move in the opposite direction to prices.
After the Christmas break, Unemployment Claims Data released Thursday for the week ending 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 ending December 14 to the highest level since November 2021.
The 10-year Treasury yield rose more than 40 basis points in December, traders said We expect the Federal Reserve to take a more hawkish stance in 2025. The next meeting of the central bank will take place at the end of January, when an interest rate increase is expected.
Monthly wholesale inventory data is expected on Friday.
