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U.S. Treasury Yields Rise on Soothing Data

U.S. sovereign bond yields rose on Thursday to their highest levels in over a week as domestic and overseas data reduced jitters about a year-end slowdown in the global economy, paring safe-haven demand for low-risk government debt.

Yields rallied for a third straight session after U.S. data showed jobless claims rose slightly, but remained near pre-recession lows.

Benchmark 10-year Treasury notes were last down 17/32 in price with the yield at 2.28 percent, up from Wednesday’s close of 2.23 percent. Meanwhile, 30-year Treasury bonds fell 1 0/32 in price, lifting the yield to 3.04 percent.

CNBC [1]

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