The yield has risen 73.6 basis points over the past seven weeks, according to Dow Jones Market Data. On Friday, traders were considering whether the U.S. is moving into a period of higher-for-even-longer interest rates, fueled by continued economic strength and potential inflationary pressures.

Dow Jones Industrial Average futures, an early indicator of the US equity benchmark, inched higher minutes before the opening bell on Wall Street on Thursday. At 6:50 pm in India, DJIA futures were trading up 94 points,

Also impacting rate-cut expectations is a streak of encouraging economic data. New figures on Friday showed US retail sales advanced in October, boosted by a jump in autos purchas