Bond Brief: Risk Returns

Updated from 11:22 a.m. EST

Treasuries ended the session little changed Friday with a risk premium reintroduced into the yield curve after another quarter-point rate hike and inflation fears pushed bond prices lower all week.

A spate of mild economic reports helped the market hold onto gains, as traders geared up for next Monday's readings on February construction spending and March manufacturing. But trade is likely to remain subdued until next Friday's all-important March nonfarm payroll numbers are released.

The benchmark 10-year note edged higher 2/32 of a point to yield 4.85%. Bond prices and yields move in opposite directions. ...