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, rose 2 bps to 4.16%.
U.S. Treasury yields gained Thursday after the latest jobless claims data pointed to an improving labor market. Investors also assessed ongoing geopolitical uncertainty.
The benchmark 10-year Treasury yield rose 3 bps to 4.173%. The yield on the 2-year Treasury advanced 5 bps to 3.568%. Meanwhile, the 30-year Treasury yield was little changed at 4.79%.