US 10-year Treasury yields rose Friday morning as investors digested strong economic growth data reported in the previous session.
The benchmark 10-year Treasury note yield rose to 1.647% at 3:55 a.m. ET. The yield on the 30-year government bond barely moved at 2.31%. The returns move inversely to the prices.
U.S. Personal Income and Expenses will be released on Friday morning at 8:30 a.m. ET. This data could give investors and the Federal Reserve valuable insight into how fast prices are rising in the U.S. economy as it recovers from the Covid-19 pandemic.
Yields fell on Friday, despite rising in the final session following the release of strong economic data for the first quarter.
The U.S. Department of Commerce announced that gross domestic product rose 6.4% in the first quarter, up from 6.5% expected by economists polled by Dow Jones.
Meanwhile, the Department of Labor reported that 553,000 new jobless claims were filed last week, just above the 528,000 estimated by economists.
There are no auctions on Friday.
– CNBC’s Thomas Franck contributed to this report.
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