U.S. Treasury yields rose on Friday as investors assessed the economic outlook for the new year.

The 10-year Treasury yield increased to 4.6%, while the 2-year yield rose to 4.281%, though both were down for the week.

Economic data showed mixed signals, with December’s ISM manufacturing PMI slightly above expectations but still below expansion levels.

Meanwhile, jobless claims decreased more than expected, indicating a cooling job market, CNBC has reported.

Despite a volatile 2024, the Treasury market has settled, and investors will closely watch January’s Federal Reserve meeting for potential monetary policy updates.

Written by B.C. Begley