U.S. 10-Year Treasury Note yields extended their move higher on Friday, pushing above 5.15% intraday to reach their highest levels since early October. The benchmark 10-Year yield rose two to three bps on the day and finished roughly 30 bps higher for the week, settling just below 5.15%. Weekly gains were driven by inflation commentary from Federal Reserve speakers, stronger CPI data and lukewarm demand across 3-Year, 10-Year and 30-Year Treasury auctions. Despite rising yields, interest rate volatility tracked lower into the weekend and ended down for the week. Looking ahead, market participants await retail sales data, 20-Year and 10-Year TIPS auctions and remarks from Fed Chair Warsh on Monday in San Francisco.