From CNBC: 2024-12-26 16:07:40

Treasury yields remained stable as investors assessed new jobless claims data. The 10-year Treasury yield held steady at 4.581% after a slight increase, while the 2-year Treasury yield dipped to 4.329%. Jobless claims for the week ending Dec. 21 were 219,000, just below estimates, but continuing claims rose to 1.91 million.

The Labor Department reported that jobless claims were just under the previous period at 219,000, slightly lower than the forecast. Continuing claims, however, increased to 1.91 million, the highest since Nov. 13, 2021. The 10-year Treasury yield has risen over 40 basis points this month, largely due to changes in Federal Reserve rate-cut projections.

Traders at the New York Stock Exchange saw Treasury yields hold steady near the flatline as they analyzed the latest jobless claims data. The 10-year Treasury yield remained at 4.581%, while the 2-year Treasury yield dipped to 4.329%. Jobless claims were slightly below expectations, but continuing claims rose to 1.91 million.

Read more: Treasury yields are flat as investors digest jobless claims data