Treasury yields rise as traders strengthen Fed rate hike bets

U.S. Treasury yields edged higher Friday as traders increasingly priced in a Federal Reserve rate hike at its December 9 meeting. The 10-year yield rose two basis points to 5.1271%, while the 30-year yield gained three basis points to 5.4602%; the two-year yield slipped one basis point. CME FedWatch showed a near-certain hike, with traders assigning an 87% chance to a 25-basis-point increase.