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U.S. Treasury yields tick higher after Thursday's slide
CNBC reported 10-year Treasury yields rose 2 basis points to 4.9779% Friday morning after the previous session's drop below 5%.
U.S. Treasury yields edged higher early Friday after a sharp drop in the previous session, CNBC reported, citing market data as of about 5:11 a.m. Eastern1.
The 10-year yield, which CNBC described as a benchmark for mortgages, auto loans and credit-card rates, rose 2 basis points to 4.9779%1. The 2-year yield, which CNBC said tracks short-term Federal Reserve policy more closely, also rose 2 basis points to 4.6647%1. The 30-year yield was up more than 1 basis point to 5.3007%1.
CNBC said the 10-year yield fell 17 basis points to 4.972% on Thursday, its largest one-day decline since March 10, 2023, and the first move below 5% in a month1. The outlet attributed this week's demand for Treasurys to concerns over AI-related debt and renewed Middle East tensions1.
With a Federal Reserve interest-rate decision due next week, CNBC said traders would watch Friday's flash S&P Global PMI readings on manufacturing and services1. The report also said West Texas Intermediate December futures were up 1.16% to $100.61 a barrel and Brent was at $114.06, up 0.79%, as attacks by Iran-backed Houthi militants on Saudi facilities raised supply concerns1. CNBC said those price moves followed reports earlier in the week that the United States and Israel could resume strikes on Iran after the midterm elections1.
