Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Treasury yields rose slightly early Friday following a set of mixed data on weekly jobless claims.
Benchmark performance 10-year Treasury rose 3 basis points to 4.607%, slightly below its peak earlier in the week, but again above the 4.6% level it had not surpassed since May. He 2-year treasury was slightly higher at 4.334%.
One basis point is equivalent to 0.01%. Yields move inversely to prices.
After the Christmas holidays, 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, continuing claims increased by 46,000 during the week ending December 14 to 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 aggressive Federal Reserve in 2025. The central bank’s next meeting will be at the end of January, when it is expected to leave rates unchanged.
Monthly data on wholesale inventories will be released on Friday.
