Treasury Yields Rise to End the Week

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U.S. Treasury yields rose on Friday, with the 30-year Treasury yield breaking about 2%.

The yield on the benchmark 10-year Treasury note rose to 1.2% at around 4:00 p.m. ET, while the yield on the 30-year Treasury bond rose to 2.01%. Yields move inversely to prices.

U.S. government bond yields ebbed lower, following soft demand for 30-year Treasuries in the auction on Thursday, according to a Reuters report.

This reportedly followed strong demand in auctions for 10-year and 3-year notes earlier in the week.

Treasury yields also continued to drift lower following worse-than-expected jobless claims data, released Thursday. The Labor Department reported a total of 793,000 new unemployment insurance claims for the week ended Feb. 6, which was higher than the 760,000 forecasted by economists surveyed by Dow Jones.

Meanwhile, President Joe Biden announced Thursday that the administration had secured deals for another 200 million doses of Covid-19 vaccine, taking the U.S. total to 600 million.

New York Federal Reserve President John Williams is also expected to make a speech at that time.

There are no auctions due to be held on Friday.

CNBC's Jeff Cox and Berkeley Lovelace Jr. contributed to this report.

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