The yield on the benchmark 10-year Treasury note climbed to 2.7956 percent by 4:30 a.m. ET with the yield on the 30-year Treasury bond rising to 3.0224 percent. Bond yields move inversely to prices.
U.S. Markets Overview: Treasurys chart
|US 3-MO||U.S. 3 Month Treasury||2.381||-0.011||0.00|
|US 1-YR||U.S. 1 Year Treasury||2.626||-0.008||0.00|
|US 2-YR||U.S. 2 Year Treasury||2.639||-0.032||0.00|
|US 5-YR||U.S. 5 Year Treasury||2.634||-0.018||0.00|
|US 10-YR||U.S. 10 Year Treasury||2.785||-0.004||0.00|
|US 30-YR||U.S. 30 Year Treasury||3.026||0.015||0.00|
Fixed-income investors will focus on $131 billion of auctions scheduled for next week, when liquidity is expected to be thin due to the Christmas holidays. The government raised $101 billion in the same series of auctions last year, according to Reuters.
The fragile mood in financial markets also intensified as President Donald Trump refused to sign legislation to fund the U.S. government on Thursday, raising the risk of a federal shutdown over the weekend.
On the data front, investors are likely to monitor a flurry of economic reports on Friday. Durable goods and personal income figures for November are both scheduled to be released at around 8:30 a.m. ET.
Philly Fed non-manufacturing data and a final reading of consumer sentiment for December are due to be published later in the trading session.
—CNBC’s Sam Meredith contributed to this article.