**Mixed Economic Data Leads 10-Year Treasury Yield Slight Dip**

Investors closely monitored the economic landscape on Friday, resulting in a slight dip in the 10-year Treasury yield, which decreased to 4.41%, down just over 2 basis points. Meanwhile, the 2-year Treasury yield rose nearly 2 basis points, last trading at 4.367%. This fluctuation occurred as investors parsed through a series of mixed economic data released over the past two days.

On Friday, PMI surveys reflecting business activity from October to November showed a minor increase, suggesting steady economic growth. In contrast, the University of Michigan's consumer sentiment gauge fell short of economists' expectations, indicating a potential decline in consumer confidence.

Data on the labor market further contributed to the mixed signals. The latest weekly initial jobless claims reported 213,000, a figure lower than the previous week and below Wall Street economists' predictions. This suggests that the labor market remains robust. However, the number of continuing claims for jobless insurance rose to 1.908 million, surpassing forecasts and suggesting some underlying weaknesses.

Additional economic figures painted a nuanced picture. The Philadelphia Federal Reserve's manufacturing index slid to -5.5 in November from economists' estimate of +6.9, reflecting a slowdown in regional manufacturing activity.

Investors also analyzed recent comments from Federal Reserve officials for clues on future interest rate cuts. On Thursday, Chicago Federal Reserve President Austan Goolsbee hinted at the necessity of additional rate cuts but warned that the pace might decelerate. Earlier in the week, Fed Governor Michelle Bowman suggested that efforts to reduce inflation appear to have hit a snag.

As these mixed economic signals circulate, investors remain vigilant about the overall health and trajectory of the U.S. economy, carefully balancing their decisions on Treasury yields and interest rates.