The 10-year Treasury yield increased to 4.626% on Friday, nearing a seven-month high, with a previous session peak of 4.641%. The 2-year Treasury yield saw a slight decrease to 4.318%. After Christmas, jobless claims fell to 219,000, below the 225,000 forecast, though continuing claims rose to their highest since November 2021. The 10-year yield has surged over 40 basis points in December as traders expect a hawkish Federal Reserve in 2025, with the next central bank meeting anticipated to result in a rate hold at the end of January.
