The yield on the short-term 2-year Treasury note hit a high of 2.295 percent, its highest level since Sept. 19, 2008.
Manufacturing output rose 1.2 percent, its largest gain since October, the Federal Reserve reported.
Despite the uptick on the final day of trading for the week, long-term yields remain off highs clinched earlier in the week following soft economic data.
Thomas Franck | Alexandra Gibbs
Published 5:56 AM ET Fri, 16 March 2018 Updated 3:53 PM ET Fri, 16 March 2018CNBC.com
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[/table] U.S. government debt yields ticked upward Friday, with the 2-year Treasury note notching a nine-year high ahead of a Federal Open Market Committee meeting next week. The Federal Reserve is widely expected to hike rates at its monthly meeting.
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