U.S. Treasury yields climbed on Friday morning, following the release of key economic data in the previous session.
The yield on the benchmark 10-year Treasury note rose to 1.08% at around 2:30 p.m. ET, while the yield on the 30-year Treasury bond advanced to 1.84%. Yields move inversely to prices.
Treasurys
U.S. government bonds yields edged higher early on Friday, after the Commerce Department reported Thursday that the country's gross domestic product grew by 4% in the fourth quarter.
The initial estimate for fourth-quarter GDP, which is the sum of all goods and services, was slightly below the 4.3% growth expected by economists surveyed by Dow Jones.
Weekly data for jobless benefits claims also released Thursday, showed that first-time claimants totaled 847,000 last week, lower than the 875,000 forecasted by economists.
Real disposable income rose a modest 0.2% in December, leaving it only 1.9% above its pre-Covid level, the Labor Department said Friday.
Robert Kaplan, president of the Federal Reserve Bank of Dallas, is due to make a speech at 1 p.m. ET and then again at 4 p.m. ET.
San Francisco Fed President Mary Daly is then expected to speak at 5:25 p.m. ET.
No auctions are due to be held Friday.