US Treasury Yields Limit Weekly Decline

Treasury yields in the United States increased on Friday, to limit their weekly decline.

This comes after employment data by the US Department of Labor showed that economic recovery is continuing.

Return on the 10-year Treasury note increased by 4.6 basis points to 0.821%, but declined for the week by 3.7 basis points.

Meanwhile, the yield on the 30-year bond rose by 5.4 basis points to 1.599%, limiting its weekly decrease to 3.8 basis points.

As for the two-year note yield, an increase of 0.4 basis points meant that it remains nearly unchanged on a weekly basis.

The decline in yields comes in the week in which the US Federal Reserve decided to maintain interest rates, and expectations for a large stimulus package were diminished by congressional election results.