Treasury yields edged higher on Friday as investor expectations for a December rate hike by the Federal Reserve gathered strength.
The 10-year U.S. Treasury note yield — the key benchmark for mortgages, auto loans and credit card debt — rose 2 basis points to 5.1271%.
The longer-dated 30-year Treasury bond yield, which tends to react to geopolitical risks, was 3 basis points higher at 5.4602%. The 2-year Treasury note yield, which is typically more sensitive to short-term Federal Reserve interest rate decisions, was 1 basis point lower at 4.8525%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
The upward moves come after 10-year Treasury yields jumped more than 13 basis points to more than 5% during Thursday's session, and the 2-year yield soared more than 15 basis points.