From CNBC: 2024-12-27 04:10:02

Treasury yields rose slightly on Friday following mixed jobless claims data. The 10-year Treasury yield was 4.607%, up 3 basis points from earlier in the week. Jobless claims for the week ending Dec. 21 were lower than expected at 219,000, but continuing claims rose to the highest level since November 2021.

Traders are anticipating a more hawkish Federal Reserve in 2025, leading to a more than 40 basis point increase in the 10-year Treasury yield in December. The central bank is expected to hold rates at its next meeting in January. Monthly wholesale inventories data is set to be released Friday.

Read more: 10-year Treasury yield back above 4.6% after mixed jobless claims data