Short-term Treasury Yields Hit Fresh 5-1/2-year High

Short-term Treasury yields hit fresh 5-1/2-year high Friday morning after the U.S. economy added 211,000 new jobs in November, enough to keep the Federal Reserve on track to raise interest rates later this month. The yield on the two-year Treasury note gained 2.9 basis points to 0.987%, the highest level since May 2010. The benchmark 10-year yield gained 2.5 basis points to 2.353%, the highest level in nearly a month. The yield on the 30-year bond rose three basis points to 3.104%. Treasury yields rise when prices fall and vice versa.