The yield of the 10-year US Treasury experienced another increase on Friday, coming close to a seven-month peak. The benchmark 10-year Treasury yield escalated by 4 basis points, settling at 4.626%. In the last trading session, the rate saw a surge reaching 4.641%, a record high since May. Meanwhile, the 2-year Treasury yield slightly declined to 4.318%.

It’s crucial to note that a single basis point is equivalent to 0.01%, and there’s an inverse relationship between yields and prices.

Post-Christmas, the data about unemployment claims was released on Thursday for the week ending December 21, showing a decline of 1,000, bringing the total to 219,000. This number fell short of the 225,000 consensus forecast projected by Dow Jones.

In contrast, the continuous jobless claims escalated by 46,000 for the week ending December 14, reaching an all-time high since November of the previous year.

Over the course of December, the 10-year Treasury yield has seen an increase of more than 40 basis points. This is largely due to the market’s anticipation of a more stringent stance from the Federal Reserve in 2025. The central bank’s next meeting is scheduled for the end of January, where it is expected that the rate will remain unchanged.

This information is valuable for those interested in investing or keeping an eye on financial trends. However, it’s important to remember that while investments can yield significant returns, they also come with their own set of risks. As always, it’s essential to do your own research and consider your financial situation before making any investment decisions.