2-year Treasury yield hits 2008 high The yield on the short-term...

2-year Treasury yield hits 2008 high

• 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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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.