The 10-year Treasury yield rose again on Friday, hovering near a seven-month high.
The yield on the benchmark 10-year Treasury note rose 4 basis points to 4.626%. The 10-year interest rate hit a high of 4.641% in the previous session, its highest level since May. Two-year Treasury bonds were slightly lower at 4.318%.
One basis point is equal to 0.01%. Yields move in the opposite direction to prices.
After the Christmas break, jobless claims data released Thursday for the week ending Dec. 21 came in at 219,000, 1,000 points below the Dow Jones consensus forecast of 225,000.
However, ongoing claims rose by 46,000 in 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 expect the Federal Reserve to tighten monetary policy in 2025. The central bank's next meeting will take place at the end of January, when a rate hike is expected.