Treasury yields climbed on Friday as investors braced for the possibility of additional interest rate increases by the Federal Reserve. The move is largely attributed to ongoing concerns regarding inflation and a resilient labor market, both of which provide the central bank with leeway to tighten monetary policy.

Market participants are carefully analyzing upcoming economic indicators to gauge the Fed’s next steps. Key data releases, such as inflation reports and employment figures, will be crucial in shaping expectations for the future trajectory of interest rates.

The yield on the 10-year Treasury note rose to %, while the 2-year Treasury yield also saw an uptick. These movements reflect the market’s anticipation of a more hawkish stance from the Federal Reserve in its efforts to curb inflation and maintain economic stability.