| Treasuries gave back ground after moving higher over the two previous sessions. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, climbed 5.1 bps to 4.10%.
U.S. Treasury yields moved higher on Thursday as investors looked at the latest layoff numbers for November and weekly jobless claims, and continued to expect an interest rate cut at the Federal Reserve’s meeting next week.
The 10-year Treasury yield rose more than 4 basis points to 4.102% while the 30-year Treasury yield was up more than 3 bps to 4.761%. The 2-year Treasury yield was higher by more than 3 bps to 3.52%.
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