The 10-year Treasury yield returns above 4.6% after mixed jobless claims data

Treasury yields rose slightly early Friday after a mixed set of data on weekly unemployment claims.

Return on the index Treasury for 10 years It was up 3 basis points at 4.607%, down slightly from the peak reached earlier in the week but back above the 4.6% level it had not breached since May. the Treasury for two years It was slightly higher at 4.334%.

One basis point equals 0.01%. Returns move inversely with prices.

after the christmas holiday, Unemployment claims Data released on Thursday for the week ending December 21 was down 1,000 at 219,000, below Dow Jones’ forecast of 225,000.

However, continuing claims rose by 46,000 for the week ending December 14 to the highest level since November 2021.

The 10-year Treasury yield rose more than 40 basis points in December as traders traded We expect a more hawkish Fed in 2025. The central bank next meets at the end of January, when it is expected to fix interest rates.

Monthly data on wholesale inventories is scheduled for release on Friday.