10-year Treasury yields rose again on Friday, near a seven-month high.
yield on benchmark 10 year treasure was 4 basis points higher at 4.626%. The 10-year rate hit as high as 4.641% in the last session, its highest level since May. 2 year treasury Was fractionally lower at 4.318%.
One basis point is equal to 0.01%. Yields move inversely to prices.
After the Christmas holidays, unemployment allowance Figures released Thursday for the week ended Dec. 21 came in at 219,000, 1,000 below the Dow Jones consensus forecast of 225,000.
However, the number of continuing claims rose to 46,000 in the week ending December 14, the highest level since November 2021.
10-year Treasury yields rose more than 40 basis points in December, according to traders Expect a more hawkish Federal Reserve in 2025The central bank’s next meeting will be at the end of January, when rates are expected to remain stable.
