The 10-year Treasury yield was higher at around 2.584%, pushing ETFs holding long government bonds such as iShares 7-10 Year Treasury Bond ( IEF ) and iShares 20+ Year Treasury Bond ( TLT ) lower. ETFs tracking major stock indexes were mixed on Friday amid data showing that groundbreaking on new homes fell sharply in November as the pace of construction slowed. "After Donald Trump's surprise win in the presidential election, and the Republicans maintained their majority in Congress, bonds sold off on expectations that higher growth and inflation are ahead."