Traders don “2026” glasses as they work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings on December 31, 2025.
Timothy A. Clary | AFP | Getty Images
benchmark 10 year treasury Yields rose on Friday, the first trading day of the year, as investors weighed the economic outlook and the prospect of further interest rate cuts.
The yield on the 10-year U.S. Treasury rose more than 3 basis points to 4.191%. The two-year bond yield was last up less than 1 basis point to 3.475%. of 30 year treasury The yield rose more than 3 basis points to 4.869%.
Yields and prices move in opposite directions. 1 basis point equals 0.01%.
The bond market was closed Thursday for New Year’s Day.
The S&P Global U.S. Manufacturing PMI for December, released Friday, was 51.8. That’s down slightly from the 52.2 recorded in November and roughly in line with the 51.7 expected by economists surveyed by Dow Jones.
Investors are paying close attention to the direction of US monetary policy in the new year. The last FOMC meeting was divided and ended in a close call with the Fed cutting interest rates by a quarter of a percentage point. It was approved on a 9-3 vote, the most dissenting voices since 2019. The next decision will be made on January 28th.
Minutes of the Fed’s minutes released Tuesday showed officials were mostly confident economic growth would continue at a “moderate” pace, but also warned of downside risks to employment and upside risks to inflation.
—CNBC’s Jeff Cox contributed to this report.
