U.S. Treasury yields edged higher after mixed weekly unemployment benefits data early Friday.
The benchmark 10-year Treasury yield rose 3 basis points to 4.607%, slightly below its peak earlier this week but back above a level of 4.6% not seen since May. The 2-year bond rate is 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.
The 10-year Treasury yield has risen more than 40 basis points in December as traders anticipate a more hawkish Fed in 2025.
Monthly data on wholesale inventories will be released on Friday.
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