Bond investors look to big week ahead

Getty Images

U.S. government debt prices closed little changed on Friday as investors looked ahead to a big week of data and speeches.

Bond markets were closed for Thanksgiving on Thursday, and are set to shut earlier, at 2:00 p.m. ET, today.

Fed Chair Janet Yellen is set to speak twice next week, and is expected to hammer home the U.S. central bank's message that it wants to raise rates in mid-December, barring any unexpected economic blowup.

On the data front, next Friday's U.S. November jobs report is the highlight of the week because it is the last big piece of data for the Fed to mull before its rate hike meeting on December 15 and 16.

The European Central Bank will meet in Frankfurt next Thursday, where it is expected to expand its easing program. Oil will also be on the agenda, with the Organisation of Petroleum Exporting Countries (OPEC) set to meet in Vienna next Friday.


The yield on the benchmark 10-year Treasury note sat at 2.2218 percent. The yield on the 30-year Treasury bond was at 2.9972 percent.

— CNBC's Patti Domm contributed to this report