U.S. Treasury yields are little changed on the week but have displaying a modest upward trajectory over recent months. The 10-year note and the 30-year bond now yield about 2.01 percent and 3.20 percent, respectively, nearly unchanged from a week ago. The two- and five-year notes are yielding 0.26 percent and 0.86 percent, down 1-3 bps on the week.
The main drivers of the rise in yields seems to have been mitigation of uncertainty about the fiscal cliff—where, since the deal, long-term rates have risen about 25 bps—as well as better incoming economic data.
