The yield on the US 10-Year Treasury note held just below 5.2% on Friday, remaining near its highest level since 2007, while the 30-year yield stood around 5.48%, its highest since 2004. Borrowing costs have climbed as elevated oil prices and resilient US economic data fueled inflation concerns, strengthening expectations that the Federal Reserve may tighten policy further. Markets are currently pricing in roughly a 67% probability of a Fed rate hike in October, following the first increase in three years last week. Meanwhile, the US Treasury Department on Thursday repurchased $4.078 billion of 20- and 30-year bonds as part of its ongoing buyback program. The amount fell short of the $10.4678 billion in bonds offered during the operations and was also below the $6 billion in debt the Treasury had said it planned to purchase. Investors now await the University of Michigan consumer sentiment report and durable goods data on Friday for further clues on the strength of the US economy.