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

Treasury yields were slightly higher early Friday after a mixed set of weekly jobless claims data.

Benchmark revenue 10-year Treasury It was 3 basis points higher at 4.607%, down slightly from its peak earlier in the week, but above the 4.6% level it hasn’t broken since May. The 2 years Treasury It was partially higher at 4,334%.

One basis point is equal to 0.01%. Incomes move inversely to prices.

After the Christmas break, unemployment claims Data released Thursday for the week ended Dec. 21 showed the Dow Jones industrial average fell 1,000 to 219,000, below the consensus estimate of 225,000.

However, pending claims rose by 46,000 in the week ended Dec. 14, the highest level since November 2021.

The 10-year Treasury yield rose more than 40 basis points in December, according to traders. We expect the Federal Reserve to be more hawkish in 2025. The central bank will hold its next meeting at the end of January, when interest rates are expected to be kept.

Monthly data on wholesale inventories is due on Friday.